* IREN holds support near rising weekly moving averages
* Bullish momentum confirmed by volume and price structure
* Fibonacci extensions project upside toward $87-$102
* Bullish Weekly Reversal Confirms Key Support Zone
Bullish Weekly Reversal Confirms Key Support Zone
IREN Limited (IREN) has positioned itself at the intersection of two major trends: artificial intelligence and digital assets. The company provides Bitcoin mining and AI cloud services and is scheduled to report earnings on February 5. Its stock ended last week with a bullish momentum hammer candle. The bullish pattern successfully tested support with the week’s low of $48.83 near the 10- and 20-week moving averages, and the upper boundary of a rising trend channel. That confirmed the switch from resistance to support. Bullish sentiment was represented on Friday as an outside day and a four-day closing high.
