IREN: 0.618 Fib and 100-Week EMA Build a Major Support ZoneIREN LimitedBATS:IRENDukesMarketAnalysisA Huge Run Now Consolidating IREN has already delivered an extraordinary move, climbing almost 1,400% in just seven months before reaching its $76.67 all-time high. Since then, price has entered a much broader consolidation, with neither bulls nor bears able to take decisive control. Recent Structure Provides the Next Test The recent recovery stalled at $49.37, leaving a clear area of resistance just below $50. A break above this structure would strengthen the bullish case considerably and increase the odds of another move back towards the previous highs. 100-Week EMA Continues to Support Price IREN has repeatedly found support around the rising 100-week EMA, including during the latest significant pullback. Price remains above the average for now, keeping an important piece of the longer-term bullish structure intact. 0.618 Fib Adds Further Support The 0.618 Fib at $32.53 sits close to the recent structural lows, creating an important confluence of support. Buyers have already stepped in around this broader area several times, making it a key zone should IREN come under renewed pressure. Momentum Remains Balanced RSI continues to chop around the 50 level, reflecting the wider consolidation rather than a strong directional trend. StochRSI is climbing and remains below overbought territory, showing improving shorter-term momentum without yet becoming stretched. In Summary IREN remains in consolidation following its extraordinary 1,400% run, but the broader structure is still holding together. The rising 100-week EMA and 0.618 Fib at $32.53 continue to provide important support, while the recent $49.37 high gives bulls a clear level to beat. A convincing break above the $50 area would improve the structure and increase the odds of another push towards the previous highs.