CleanSpark shares technical analysis: Pullback deepens within $11.59

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Cleanspark drops 3.1% to $12.49 today

Highlights

CleanSpark mined 614 Bitcoin in June 2026, achieving a record 50 EH/s hashrate and expanding facility operations in Texas and Sandersville.
BTC holdings reached 13,924, enhancing the company's liquidity and digital asset exposure amid continued infrastructure growth.
CLSK/USD remains under broad selling pressure, trading below major moving averages, with a projected range of $11.59 to $13.39 and further downside risk prevailing.

Operational expansion boosts Bitcoin output amid persistent share selloff

CleanSpark reported unaudited operating results for June 2026, disclosing the production of 614 Bitcoin, a new operational hashrate high of 50 EH/s, and total holdings of 13,924 BTC as the company continued to energize and commercialize new facilities in Texas and Sandersville, according to Simplywall. These achievements demonstrate material expansion in mining infrastructure and output, increasing the company's liquidity and exposure to the digital asset market. The latest operational progress has provided an improved fundamental backdrop, though price action has remained under broader selling pressure.

Mixed momentum signals emerge as CLSK tests overlapping resistance

On the technical front, CLSK trades below the 20-period moving average at $12.66 and the 50-period moving average at $13.25 on the hourly chart, as well as beneath the 200-period moving average at $13.31 on the daily timeframe. The Ichimoku Kijun level at $12.93 forms immediate resistance. Momentum indicators are mixed: the Moving Average Convergence Divergence (MACD) gives a strong sell signal, while the Average Directional Index (ADX) also signals a negative trend. The Relative Strength Index (RSI) stands at 53.87 and the Commodity Channel Index (CCI) also shows a buy signal, while Bull/Bear Power points to intraday buyer pressure. However, the Stochastic RSI is overbought, and the Awesome Oscillator remains neutral, suggesting mixed intraday bias.

Downside risk dominates as CLSK faces critical range boundaries

Looking ahead, CLSK is expected to trade within a $11.59 to $13.39 range over the next two to three trading days, consistent with observed volatility bands. The model assigns a 36% probability to a move higher and sees greater risk of further decline. The baseline scenario projects continued range-bound action, with a bullish breakout requiring a clear move above $12.93 resistance, while a drop below $11.59 support would confirm a fresh bearish extension.

Anton Kharitonov, expert at Traders Union, sees CleanSpark's latest operational results as a meaningful step for the company's fundamentals, with record Bitcoin output and expanding infrastructure. However, he notes that ongoing price weakness and negative technical readings outweigh the improved backdrop for now. The risk of downside persists unless key resistance at $12.93 is reclaimed. "Until $12.93 is broken, I remain cautious and see more room for near-term weakness," Kharitonov says.

Earlier, analysts noted that CleanSpark's operational advances were tempered by persistent technical weakness and elevated bearish sentiment. The latest trading action underscores ongoing downside momentum despite improved fundamentals, making a sustained move above $12.93 resistance crucial for a shift in directional bias.

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.