CleanSpark (CLSK) Price Momentum Weakens, But 2026 Outlook Still Bright: Here’s How
Despite recent price weakness, technical indicators suggest CleanSpark (CLSK) may be bottoming out, supported by a positive long-term outlook toward $56.9 by 2026.Summary
CleanSpark (CLSK) is currently trading near $14.05, showing a pattern of a strong rally year followed by a cooling phase. Technical analysis on the two-day chart reveals a hidden bullish divergence in the Relative Strength Index (RSI), which has historically preceded major rebounds for CLSK.
Short-term pressure stems from a recent $1.15 billion convertible note offering, which created dilution fears, though proceeds will fund buybacks and expansion. For a reversal, the Chaikin Money Flow (CMF) indicator must sustain above its descending trendline and rise above zero, ideally as Bitcoin strengthens toward $150,000.
Long-term, CLSK is consolidating within a flag pattern on the weekly chart. As long as the price remains above the critical support level of $9.62, the pattern remains valid, projecting a long-term target of around $56.9 by mid-to-late 2026 if the price breaks above $22.61.
(Source：BeInCrypto)