IREN showing strong momentum and consolidating at a critical volume shelf—this could be the inflection point we've been waiting for. The first breakout target lands at $62.50, right at that volume zone where institutions tend to build positions. If momentum holds, the next leg targets $74.15, where we'll test the previous resistance that's now acting as support. The chart setup looks textbook: higher lows, tightening consolidation, and solid volume backing the move. Worth monitoring for the next catalyst.
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IREN showing strong momentum and consolidating at a critical volume shelf—this could be the inflection point we've been waiting for. The first breakout target lands at $62.50, right at that volume zone where institutions tend to build positions. If momentum holds, the next leg targets $74.15, where we'll test the previous resistance that's now acting as support. The chart setup looks textbook: higher lows, tightening consolidation, and solid volume backing the move. Worth monitoring for the next catalyst.