Cleanspark stock slips 3.61% as technical pressures persist below major averages

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Cleanspark slides 3.61% to $9.62 today

Highlights

CleanSpark is expanding into high-performance computing and AI with a new 300 MW Texas campus, bringing total contracted power capacity to 1.8 GW.
The company supports liquidity by selling bitcoin from its 13,363 BTC stash near $66,000 and continues share buybacks despite ongoing selling pressure.
CLSK trades below major moving averages with bearish momentum and is expected to range between $9.50 and $10.50, with limited upside probability.

Expansion into Texas and AI infrastructure as bitcoin sales fund liquidity

On March 23, 2026, CleanSpark announced the expansion of its operations with a new 300 MW hyperscale-ready campus in Texas, raising its total contracted power capacity to 1.8 GW. The company reported aligning this initiative with high-performance computing and artificial intelligence infrastructure, moving beyond its core Bitcoin mining business. CleanSpark ended the month holding a bitcoin reserve of 13,363 and monetized a portion of its production at approximately $66,000 per bitcoin to support liquidity, and ongoing share buybacks were also reported, though price action has remained under broader selling pressure.

Mixed technical momentum as negative price holds below resistance

Price action remains bearish as CLSK trades under key moving averages across short, medium, and long timeframes. Immediate resistance is reinforced by the Ichimoku Kijun level at $10.00. Technical signals are mixed: MACD on daily and weekly timeframes indicates strong selling, ADX shows low and neutral trend strength, and oscillators including RSI and CCI signal weak or neutral momentum, while Stoch RSI shows an overbought reading. BBP signal indicates buy pressure intraday, but the Awesome Oscillator reflects continued selling; daily price action has remained negative with high volatility and prices close to session lows.

Low breakout odds as price seen consolidating within volatility band

For the next five trading days, the expected range for CLSK is $9.50 to $10.50, reflecting a volatility band relative to current levels. The likelihood of a sustained upward breakout is low (below 20%), with the dominant scenario calling for sideways consolidation within this band. A rally above immediate resistance at $10.00 could open the way toward the upper end near $10.50. Conversely, a decline below $9.50 would increase the risk of further downside and may encourage additional selling.

Anton Kharitonov, expert at Traders Union, sees CLSK locked in a bearish phase with clear technical weakness below all major moving averages. Despite positive news on CleanSpark's expansion into AI and high-performance computing, price action stays pressured and technical momentum is negative. He remains cautious given mixed signals and ongoing selling. "No conviction for upside here until CLSK can sustain above $10.00 — I stay defensive and watch for a confirmed breakout first."

Previously it was reported that CleanSpark was experiencing persistent bearish momentum despite operational expansion, with downside risk dominating the outlook. The current price action reaffirms this ongoing bearish trend, making the $9.50 level critical as a potential trigger for increased volatility or further downside in the days ahead.

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.