IREN (IREN)

$IREN weekly update: nothing has really changed since the last post. Meridian panels remain quite bearish overall, and so far, this has been pretty accurate as the selloff continued. It’s simple: - Green color and/or stars = bullish - Navy color and/or stars = bearish Apart from that, there's no clear confirmation of a reversal yet. A reclaim of the $42 positioning shelf will be important to avoid further downside in the near term. Worth mentioning: The system flashed an early North Star entry signal on the main chart around $6, with FORCE panel confirmation at $8 just one week later, and an exit signal around $50 after the uptrend ended. Clean recognition of momentum early. Waiting for renewed bullish signals to flash now alongside a reclaim of $42 for anything positive to happen!

$IREN in the 30s again is criminal. I plan on adding as soon as I get paid (today/tomorrow) BUY THE FEAR https://t.co/FBVHwbqfBR

Here are four long-term price targets I'm watching $IREN → $148 $ONDS → $23 $ZETA → $66 $RDDT → $392 I believe every one of these targets can be reached The only question is when Patience is required NFA

This setup for $IREN still has a chance to play out. We overshot the initial downside target a bit, but we're now opening right around the 2.0 Fibonacci downside target. Even more notable, the 4H RSI is now even more oversold than before, printing its lowest reading since February 2025. From a technical perspective, this is becoming a very interesting spot to watch.

I don’t think I’ve ever seen so many bears on FinX in complete consensus as we saw on $IREN last week. When everyone lines up on one side of the trade, the face-ripping move in the opposite direction becomes the most obvious outcome, as we are seeing today.

This setup for $IREN still has a chance to play out. We overshot the initial downside target a bit, but we're now opening right around the 2.0 Fibonacci downside target. Even more notable, the 4H RSI is now even more oversold than before, printing its lowest reading since February 2025. From a technical perspective, this is becoming a very interesting spot to watch.

JUST IN: Anthropic is seeking 1.4GW of data center capacity in Australia. Up to $15 BILLION, per a confidential tender reported by Australian media. I wonder if this has anything to do with $IREN. Let's connect what's public. Anthropic has been hiring compute roles in Australia for weeks: 6 open positions for data center engineers and operators. Plus a deal-sourcing role since April. They're not browsing. They're staffing for something. IREN was FOUNDED in Australia. Sydney roots, Australian listing history, teams on the ground. Home turf. And here's the timing that gets me: weeks ago, IREN secured an 800MW transmission agreement in Australia. Fresh power, in the exact country, right before this tender surfaces. Run the math. Anthropic wants 4-5 contracts summing 1.4GW+. That's chunks of roughly 300-400MW each. An 800MW position covers two of them. Add NVIDIA to the picture. On the last earnings call, they spoke about helping Anthropic secure compute through their partner network. And which