The IREN stock, that most capricious of financial specters, ascended to unparalleled heights on the fateful day of August 29th, as the Bitcoin mining enterprise unveiled its resplendent financial results, igniting a fervor among the analysts, who now prostrate themselves before the altar of optimism. 📈💸
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The weekly chart, that tapestry of bullish fervor, reveals IREN’s relentless ascent this year. The trend, once a whisper, now roars with the might of a thousand bulls. 🐂📈
IREN’s share price, that defiant spirit, remains comfortably above the crucial resistance at $15.90, where it once formed a double-top, a relic of past trials. It towers above the moving averages, a beacon of hope. 🌟
Thus, the most likely scenario is a brief retreat, a retest of the support at $15.90, before the uptrend resumes. A break-and-retest, that age-old dance of market mechanics. 🌀
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2025-08-29 22:41