Alex Dudov
⬤ IREN Limited stock kept pushing higher after momentum indicators flipped bullish around the $50 mark. The stock has climbed steadily into the low $60s, building a clean pattern of higher highs and higher lows that suggests buyers are firmly in control.
⬤ The chart shows IREN breaking through former resistance levels and holding above them, which points to real buying interest rather than just a quick bounce. The analysis references a previous 240% rally as historical context, while current momentum indicators stay positive as the price respects its upward trajectory.
⬤ The next major target sits near $96, matching an upper extension on the chart that could trigger profit-taking if reached. Pullbacks so far have stayed shallow without breaking the trend structure, showing that sellers haven't found their footing yet. The lack of heavy selling pressure suggests this rally still has room to run.
⬤ IREN's price action matters because it's showing a textbook momentum-driven recovery after spending time building a solid base. When stocks hold above old resistance like this, it often shifts short-term sentiment and attracts more attention. Whether the rally continues toward $96 or pauses to consolidate depends entirely on maintaining this trend structure in the coming sessions.
Alex Dudov
