CleanSpark stock price forecast: Bearish momentum dominates as CLSK gains 4.98% to $10.03

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CleanSpark gains 4.98% to $10.03 today

Highlights

Van ECK Associates Corp trimmed its CleanSpark stake by 28.7% in Q3, now holding 2,120,861 shares.
This sizable reduction by a major fund signals a cautious institutional stance toward CleanSpark’s near-term prospects.
Technicals suggest CLSK faces bearish momentum, likely to consolidate between $9.00 and $11.00 with increased risk of further downside.

Fund outflow increases as Van Eck sharply reduces CleanSpark position

Van ECK Associates Corp has reduced its holdings in CleanSpark by 28.7% during the third quarter, as disclosed in the latest 13F filing with the Securities and Exchange Commission. Following this transaction, the fund owns 2,120,861 shares of CleanSpark.

Bearish momentum persists as mixed intraday signals meet key support

Momentum signals for CLSK on the daily timeframe remain broadly negative. Both MACD (strong sell) and ADX (neutral, low value) indicate weak and directionless overall trend strength. Oscillators also show continued bearish momentum, with RSI at 44.36 (sell), Stoch RSI at 31.30 (sell), and CCI negative at -72.64. BBP is oversold, highlighting ongoing seller pressure, while current prices are near the lower-middle of today's $9.97 – $10.27 range, with moderate volatility and signs of sideways consolidation after the initial open. There is a notable divergence, as intraday oscillators are mixed compared to persistent weakness in medium- to longer-term indicators. Immediate support is at the Ichimoku Kijun level ($9.72), with the MA-50 ($11.00) acting as resistance.

Downside risk elevated as weekly indicators signal limited upside

For the coming week, CLSK is expected to trade within a $9.00 – $11.00 range, reflecting typical volatility for the asset and keeping the band within ±10% of the current price. The probability of a further price increase is low (less than 20%), as prevailing sell signals across RSI-W1, MACD-W1, ADX-W1, and weekly MAs suggest a higher likelihood of decline. The baseline scenario anticipates sideways consolidation between support at $9.72 and resistance at $11.00. A break above $11.00 may trigger short squeezes toward recent highs, while a decisive drop below $9.00 could open the way for further downward momentum.

Viktoras Karapetjanc, analyst at Traders Union, sees CleanSpark holding above near-term support despite lingering negative trend signals. He notes that institutional sentiment has turned more cautious after Van ECK’s sizable reduction, but recent price resilience signals growing speculative interest. The analyst believes sideways consolidation is likely while fundamental and macro sentiment remain neutral, with upside capped unless resistance at $11.00 is breached. "If CLSK can hold above $9.72 and attract renewed institutional support, there is a tactical window for a bullish turn in the coming sessions."

Previously it was reported that CleanSpark Inc. is trading below its short-, medium-, and long-term moving averages, with ongoing bearish momentum confirmed by negative MACD signals and RSI readings below 50, while the ADX reflects a lack of clear trend strength. Resistance remains at $10.13, support is near $8.50, and despite institutional accumulation, the stock faces continued downside pressure amid mixed momentum signals and weak intraday tone.

Source of Data: CLSK Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.