u/Theworldsuckss

Amid the market turbulence in recent days, Iren refuses to break down from its shorter-term parallel channel.

Will we see the bullish trend continue or will market weakness send Iren even lower first?

I’m still bullish, how about you?

I know sentiment might be pretty bad here, but remember, it is often darkest before the dawn.

There have been signs of life from other Cryptocurrencies recently. Perhaps Ethereum will catch a bid after some further strength from Bitcoin?

If Bitmine breaks these levels we may need to panic, but if not we could see a move to the upside that catches many people by surprise.

The stock hasn’t quite been as strong as other high-beta names, but the stock price looks constructive.

If the markets continue higher (which I think is likely) we might see a rotation from heavyweight AI stocks into the smaller marketcap plays such as $SOUN. There are certainly reasons here to br bullish on the stock!