Momentum Above Value Area High | IREN Structure Update IREN LimitedBATS:IRENcodymiller12727IREN continues to show constructive behavior on the daily timeframe as price trades above a key volume profile level. Price is currently trading above the Value Area High (VAH), suggesting continued acceptance above the upper boundary of the primary value area The Value Area Low (VAL) remains below current price and represents an area worth monitoring if momentum begins to weaken The Point of Control (POC) sits below both levels and represents the price where the highest volume has historically been transacted Trend structure remains constructive: The 10, 20, and 50 EMA remain aligned, supporting a healthy trend environment The 10 EMA is showing upward curvature, reflecting improving short-term momentum Moving averages have generally been trending higher since the April 2nd pivot, reinforcing the broader structural improvement Momentum conditions remain supportive: RSI is currently near 54, reflecting constructive momentum without reaching extended levels OBV has shown constructive behavior since April 2nd, suggesting participation has generally supported the advance What I'm Watching 👀 Whether price can continue holding above the Value Area High If the 10 EMA continues supporting short-term momentum Whether RSI can continue strengthening while maintaining healthy participation Continued confirmation from OBV as price approaches prior swing highs At the moment, structure remains constructive, with price maintaining acceptance above the value area while trend and momentum continue showing signs of improvement. ⭐ Final Clarity Note ⭐ This is a structure-based observation, not a prediction — focused on trend alignment, momentum behavior, participation, and liquidity positioning across key structural levels.