From TradingView · · 1m
IREN Price Bullish Trend
IREN price shows gradual bullish trend for NASDAQ:IREN.
In brief
IREN price shows gradual bullish trend for NASDAQ:IREN. IREN's price is setting a bullish trend with potential to reach $50 after pullback near $40. Originally reported by TradingView.
IREN price
IREN LIMITED is currently trading at $41.58, down 3.68% following a broader month long slide among high-beta ai infrastructure and neocloud stocks.
Wall Street interest
Despite recent downward pressure, the company has been the subject of significant wall street interest due to its massive structural shift from bitcoin mining to artificial intelligence cloud services.
Technical insight
Technical insight: IREN is progressively preparing for a bullish channel, scaling up partially with higher highs and lows for a few weeks now.
Price target
Price is heading down to the low support line, as we anticipate a long reverse between $38-$40.
Key point
A clear pullback around this level, triggers another buy position aiming $50, as next possible bullish.
In short
IREN's price is setting a bullish trend with potential to reach $50 after pullback near $40.
