Post-Spike Retracement Pushes CLSK Near $13.5 Support Zone
$CleanSpark, Inc.(CLSK)$
$14.05 (-6.55%) — Post-breakdown pressure: momentum cools, watch $13.5/$16.0 band
CleanSpark sold off to $14.05, now ~40% below its 52-week high ($23.61).
The pullback extends a two-week down leg after October’s spike, with price back under both EMAs—a classic momentum fade in crypto-beta names.
Technicals & 1-week view
Price sits below EMA-20 $16.88 and EMA-50 $15.82, keeping near-term bias bearish.
MACD remains below signal with a deepening negative histogram (ongoing downside momentum), while
RSI 37.4 approaches oversold—scope for a reflex bounce but trend control stays with sellers.
Key levels: support $13.50 (today’s intraday low zone) then $12.00; resistance $15.00 → $15.82 (EMA-50), then $16.90 (EMA-20) and $18.00.
Valuation: P/E 16.33 (below S&P 500 ~25x) with high beta 3.78; Yahoo’s 1-yr target $23.38 implies upside if crypto sentiment re-accelerates.
Near-term setup: base case a choppy $13.5–$16.0 range; a daily close back above $15.8–$16.0 would signal repair toward $17.5–$18.5; a breakdown < $13.5 opens $12.
Risk & Disclaimer
CLSK is highly volatile and tightly linked to crypto cycle swings; liquidity and regulatory headlines can amplify moves. Technical commentary only, based on your TradingView & Yahoo Finance snapshots (today’s close); not investment advice.
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