- CleanSpark shows strong momentum with a defined entry at $19.70 and a stop loss at $19, safeguarding the downside.
- The $23.76 Fibonacci zone now acts as the crucial test level for a rally toward the $25.39 target resistance.
- Earlier accumulation near $12.70 formed the base that helped push Cleanspark toward its breakout structure today.
Cleanspark (CLSK) is displaying a strong breakout pattern on the charts, signaling momentum toward a projected target of $25.39. The current move builds on sustained buying pressure, with a buy entry defined above $19.70 and a stop loss set at $19.00. Traders are closely watching whether the rally can extend beyond Fibonacci resistance levels.
Rally Accelerates After Consolidation
The chart highlights how CleanSpark rallied from mid-year lows, where the price consolidated before breaking higher in August. Increased trading volumes provided confirmation of strong participation, indicating growing confidence among market participants.
A Fibonacci retracement level at 0.618, positioned near $23.76, is the first hurdle in the current trend. If CleanSpark holds above this zone, traders expect continued strength toward the projected $25.39 target.
Historical data shows a broader bullish channel extending from late 2024 into 2025. This channel suggests that momentum could persist if current support levels remain intact. The structure points to a well-formed recovery, with buyers maintaining control.
Risk Levels Clearly Defined
The outlined trade plan sets firm boundaries. A stop loss at $19.00 limits downside exposure, while the buy entry at $19.70 identifies the zone of breakout confirmation. These levels ensure risk management remains central to the trading strategy.
The accumulation base at $12.70 represents a significant long-term support area. This zone was tested multiple times before the current rally, providing a solid foundation for upward momentum.
As long as CleanSpark trades above this level, the market structure supports a continuation of the broader bullish outlook. A retracement to test this area would not undermine the setup but would provide an important test for buyers.
Can CleanSpark Break Past $25?
The pivotal question is whether CleanSpark can extend its momentum beyond the $25.39 target and challenge higher resistance. Previous peaks around $32 remain visible on the chart, and these levels may act as significant barriers if the rally continues.
Trading volume is an important confirmation signal. Sustained activity above $23.76 would suggest that bullish traders remain in control. If the breakout holds, a test of higher resistance levels could materialize within weeks.
However, a breakdown below $19.00 would signal weakness, shifting sentiment toward a possible correction. For now, momentum indicators suggest strength, but price action remains key.
The technical setup emphasizes disciplined execution. Clear stop losses, entry levels, and projected targets provide traders with structure in a volatile environment. The focus remains on whether Cleanspark can transform current resistance into lasting support.
