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One NASDAQ - Listed Blockchain Stock at Resistance Level – IREN

May 28, 2026 | Team Kalkine

Read Time :10 Mins

One NASDAQ - Listed Blockchain Stock at Resistance Level – IREN — Image source: shutterstock

IREN:NASDAQ
Investment Type

Large-cap
Risk Level
Action
Rec. Price (US$)

IREN Ltd. (NASDAQ: IREN)

IREN Ltd. (NASDAQ: IREN) is an Australian-based, vertically integrated digital infrastructure company focused on renewable energy-powered data centers for Bitcoin mining, AI cloud services, and high-performance computing (HPC). According to our previous US Daily Report published on 'IREN' on May 19, 2026, Kalkine recommended a 'Buy' stance on the stock at USD 48.76. This recommendation was based on technical analysis, and the stock has now surged by 39.13%, trading above the second resistance level.

Noted below are the details of technical summary provided in our previous report:

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Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.

Past performance is not a reliable indicator of future performance.

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