$IREN is looking a bit weak on the 15M chart right now. Price is around $46.78 after getting rejected from the $48.73 area, and it’s now trading below the 5, 10 and 20-period moving averages. MACD is also back in negative territory, which shows momentum has cooled off in the short term. The $46.50 area is the level I’d be watching next. If buyers can defend it and reclaim $47.40, we could see some recovery. But if $46.50 gives way, the recent lows could come back into focus. Still interesting to watch, especially with how quickly IREN has been moving lately.
OGBENI FemifayaShare
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