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Bitcoin miner IREN is accelerating its shift into AI cloud infrastructure backed by large contracts with Microsoft and Nvidia, but shares have pulled back 43% to $41.14 from an all-time high of $76.87. The correction follows a 7,400%-plus rally off the $1.02 cycle low, putting IREN in the same re-rating trade as other miners converting hash-rate capacity into AI compute revenue, a theme that also drives sector beta across CORZ, HUT, and MSTR-adjacent crypto equities. Watch the $49.98-$51.68 EMA resistance band on the 4-hour chart for trend recovery, versus the $27.57-$29.99 Fibonacci zone as the key long-term support that would invalidate the uptrend if broken.
As a Crypto signal, watch whether it changes price action, volatility, or flows around IREN, NVDA, MSFT.
Original Source: 토큰포스트
This page is market information analysis, not investment advice.
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