$IREN - Great Potential (Up to X2)
By:TradingView
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IREN - formerly a company that specialised exclusively in Bitcoin mining is now to an AI infrastructure powerhouse. The recent changes in narrative made the company's stock grew hard in the end of 2025 (from $20 in September to $76 in November).
Since that, the price has been correcting. But now the correction seems to be over, I like the chart structure a lot:
- There is a clean bullish pennant that is about to be broken upwards
- The price has been consolidating above the $40 support for a while marking this level as a strong one
Once IREN breaks through the bullish pennant resistance, it will fly to the previous highs ~$80 in no time.
Since that, the price has been correcting. But now the correction seems to be over, I like the chart structure a lot:
- There is a clean bullish pennant that is about to be broken upwards
- The price has been consolidating above the $40 support for a while marking this level as a strong one
Once IREN breaks through the bullish pennant resistance, it will fly to the previous highs ~$80 in no time.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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