CleanSpark shares technical analysis: Testing upside as $7.65 resistance remains in focus

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Cleanspark rises 6.62% to $7.01 today

Highlights

CLSK stock is trading above short- and medium-term moving averages but remains below its long-term trend level.
Momentum signals are mostly positive, with MACD and ADX on buy status, although oscillators flag overbought conditions and risk of near-term overheating.
Forecast range for CLSK is $6.24 to $7.65 over the next few sessions, with a 65% probability of further upside.

Bullish momentum persists despite overbought signals and mid-range setup

On the hourly chart, CLSK has crossed above the MA-20 at $6.59 and MA-50 at $6.76, while still trading below the long-term MA-200 at $12.13. The Ichimoku Kijun at $6.41 is the nearest support. MACD and ADX are currently signaling buys, highlighting ongoing momentum. RSI remains neutral, but both Stoch RSI and CCI are overbought, raising the risk of a near-term pullback. Bull/Bear Power shows +0.5, indicating intraday buying strength, and the Awesome Oscillator also reflects bullish momentum. The price action is mid-range after a volatile session, with a mix of overbought oscillators and firm momentum data suggesting potential divergence.

Sideways outlook as volatility defines short-term breakout risks

In the short term, CLSK is expected to trade between $6.24 and $7.65, with a 65% probability of upward movement and a 35% risk of downside. The baseline scenario points to sideways trading within this volatility band. A decisive breakout above resistance could bring the upper target into focus, while a breakdown below support would likely see the stock move towards the lower boundary of the forecast range.

Viktoras Karapetjanc, expert at Traders Union, notes that CleanSpark (CLSK) is showing technical resilience after a volatile trading session, staying above key moving averages with bullish momentum from MACD and ADX. He observes that, despite lacking company-specific news or recent macro drivers, short-term sentiment and intraday buying remain strong. Overbought signals from Stoch RSI and CCI suggest some pullback risk, but the probability still favors an upward move within the projected range. "Momentum is on the bulls’ side for now, but tactical traders should watch for any signs of reversal in this zone."

Earlier, analysts noted that CleanSpark maintained a broadly bearish technical outlook, with persistent downside risks outweighing attempts at recovery. The current move above key short- and medium-term moving averages introduces potential for a shift in trend, but with overbought oscillators, traders should monitor for possible reversals as the $6.24–$7.65 range remains pivotal in the near term.

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.