Can CleanSpark stock test resistance after major infrastructure lease is announced?

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CleanSpark jumps 12.06% on lease deal

Highlights

CleanSpark secured a 20-year, $6.6 billion data center lease with a leading global tech company, establishing significant long-term contracted revenue.
The agreement grants the lessee exclusivity across CleanSpark's Texas sites, covering up to 885 MW of planned power capacity and boosting future income visibility.
CLSK/USD exhibits sustained bullish momentum with strong intraday buying, an expected $12.73–$14.43 trading range, and a 60% probability of upward continuation.

Landmark lease deal boosts revenue certainty and investor demand

CleanSpark has secured a landmark 20-year infrastructure lease agreement with a major global technology company for its Sandersville, Georgia data center campus, creating an initial contracted revenue stream worth $6.6 billion and the potential to reach $11.6 billion with additional extensions, according to Prnewswire. This agreement also grants the lessee exclusivity across CleanSpark's Texas portfolio, which covers up to 885 MW of planned and secured power capacity. The projected $330 million in average annual net operating income from this project markedly enhances CleanSpark's long-term income visibility and signals a strategic move into digital infrastructure services, helping fuel investor demand for the stock.

Sustained buyer pressure as overbought signals flash caution

On the technical front, CLSK is trading above the MA-20 and MA-50 on the hourly chart, as well as above the MA-200 on the daily timeframe. The Ichimoku Kijun at $13.34 is acting as immediate support. The Relative Strength Index (RSI) stands at 61.99 with a Buy signal, while the Average Directional Index (ADX) also indicates buying momentum. The Moving Average Convergence Divergence (MACD) remains Neutral. Other momentum indicators, including Stochastic RSI, Commodity Channel Index (CCI), and Bull/Bear Power, show overbought conditions, and the Awesome Oscillator points to a strong buy. This combination highlights robust buyer pressure intraday, although the overbought signals suggest some caution in the immediate term.

Consolidation likely as bullish bias contends with resistance

Looking ahead to the next 2–3 sessions, trading is expected to remain within the $12.73 to $14.43 volatility band relative to current levels. There is a 60% probability of further upside continuation, making a breakout above $14.43 moderately more likely if strong buying persists. The baseline scenario is for CLSK to consolidate sideways within this range, with a possible move above the upper band should bullish momentum intensify, or a reversal toward and below Kijun support if sellers regain control.

Anton Kharitonov, expert at Traders Union, sees CleanSpark’s strong move supported by a major long-term contract that improves revenue clarity. However, he notes that bullish momentum is running into overbought conditions, and the price is nearing key resistance. The base case remains for sideways consolidation between $12.73 and $14.43 unless buyers can firmly break higher. "Until $14.43 is cleared with conviction, I remain cautious and will not chase the rally here."

Earlier, analysts noted that despite CleanSpark’s operational advancements persistent technical weakness and bearish sentiment limited its upside potential following the major 20-year lease announcement. However, the current breakout above key moving averages and the alignment of most momentum indicators in favor of buyers suggest a constructive shift, making sustained closes above $14.43 an actionable signal for further bullish continuation.

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.