As of May 22, 2026, IREN (IREN Limited) is in a uptrend state on the daily chart, with a confidence level of 67%. Key support is at $48.8 and key resistance at $60.0. Price at $56.83 pulled back after a sharp breakout run; still holding above rising EMA50 ($48.78) and EMA100 ($46.38) with RSI ~56.6 (neutral-bullish).
Bullish continuation: pullback holds $50-$49 (EMA50 area), then grind higher and retest the recent highs; if momentum returns, extension toward the next fib/structure target.
Deeper correction: failure to reclaim $60 leads to a breakdown through EMA50 and a mean-reversion move into the EMA100/SMA cluster; trend remains salvageable if buyers defend mid-$40s.
2+ daily closes above $60.00 (break/reclaim of recent supply) would confirm trend continuation
Daily close below $48.00 (loss of EMA50 + prior breakout area) would invalidate the current uptrend setup
Start near EMA50/pullback support; add on EMA100 + prior breakout confluence; heavy add near EMA200 ($41.36)/SMA200 ($44.77) where trend buyers typically defend.
Trim into prior swing-high supply and fib extensions; progressively de-risk if price gets increasingly stretched above rising EMA50/100 versus the recent base.
As of May 22, 2026, IREN (IREN Limited) is in a uptrend state on the daily chart with 67% confidence. Price at $56.83 pulled back after a sharp breakout run; still holding above rising EMA50 ($48.78) and EMA100 ($46.38) with RSI ~56.6 (neutral-bullish).
On the daily timeframe, IREN has key support at $48.8 and key resistance at $60.0. The most likely scenario (bullish) targets $60.0 and $66.0, with a revert level at $52.0.
IREN (IREN Limited) is currently classified as uptrend on the daily chart, with 67% confidence. Confirmation requires: 2+ daily closes above $60.00 (break/reclaim of recent supply) would confirm trend continuation This would be invalidated by: Daily close below $48.00 (loss of EMA50 + prior breakout area) would invalidate the current uptrend setup
The most likely scenario (bullish) targets $60.0 and $66.0, with a revert level at $52.0. The alternative scenario (bearish) targets $46.4 and $41.4.
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