CleanSpark ($CLSK) is hovering around a critical zone right now. On the daily timeframe, price action is testing the $14 support level—what could become a solid launchpad if it holds.
Here's what's happening: resistance is currently parked around $15, which means any bounce from here needs momentum to break through that ceiling. But if support at $14 firms up and buyers step in, we're eyeing a climb toward $24.99—that's where the 1.618 Fibonacci extension sits, aka the Golden Ratio target.
The setup looks interesting. If $CLSK consolidates near this support and builds strength, that $24.99 level becomes a realistic upside play. Watch how it behaves around $14 over the next few sessions—that'll tell us if this launch area has legs or not.
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PumpStrategist
· 12-06 09:52
You talk about the golden ratio quite fluently, but what about the trading volume? What does the chip distribution indicate? This $14 support level is really interesting—whether institutions are buying or selling needs to be observed.
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ZKProofster
· 12-06 09:48
look, technically speaking the $14 support here is just textbook fibonacci stuff—nothing revolutionary. if it actually holds is another matter entirely tbh
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ShibaMillionairen't
· 12-06 09:38
Whether the $14 level can hold is the key. It feels like CLSK has been repeatedly testing it lately.
CleanSpark ($CLSK) is hovering around a critical zone right now. On the daily timeframe, price action is testing the $14 support level—what could become a solid launchpad if it holds.
Here's what's happening: resistance is currently parked around $15, which means any bounce from here needs momentum to break through that ceiling. But if support at $14 firms up and buyers step in, we're eyeing a climb toward $24.99—that's where the 1.618 Fibonacci extension sits, aka the Golden Ratio target.
The setup looks interesting. If $CLSK consolidates near this support and builds strength, that $24.99 level becomes a realistic upside play. Watch how it behaves around $14 over the next few sessions—that'll tell us if this launch area has legs or not.