CLSK - accumulation before a breakout or a trap?CLSK price is consolidating in the 9.5–10.5 buy zone, which aligns with a key volume area. On the weekly chart, a breakout from the falling wedge is forming, and if bulls manage to hold above the current range, the next targets stand at 17.98 and 24.72. Volumes indicate institutional interest, while RSI at lower levels suggests a potential reversal.
Fundamentally , CLSK is strongly correlated with Bitcoin and the mining sector: declining hash rate among competitors and expectations of a softer Fed policy provide a supportive backdrop.
The tactical setup is straightforward: defending 9.5–10.5 opens the way toward 17.98 and 24.72, while a breakdown would shift the price lower.
For now, it looks like accumulation, but the real question is who will give up first - the bulls or the bears.
