CleanSpark (CLSK) Price Momentum Weakens, But 2026 Outlook Still Bright: Here’s How
CleanSpark (CLSK) — a Bitcoin mining and AI infrastructure firm — trades close to $14.05. CLSK value is up 48.6% year-to-date however down 20.3% from a 12 months in the past. This value efficiency mirrors its ordinary sample — one robust rallying 12 months adopted by a cooling part that always units up its subsequent leg increased.
Over the previous 23 months, CleanSpark’s value has swung between $5.73 and $24.72, averaging round $12.32. These deep pullbacks have traditionally preceded main recoveries as soon as cash stream and Bitcoin costs stabilize.
RSI Divergence and Bitcoin Strength Signal a Possible Bottom
On the two-day chart, the Relative Strength Index (RSI) — which tracks shopping for and promoting momentum — reveals a hidden bullish divergence. Price has been forming increased lows, whereas the RSI has created decrease lows —a setup that always precedes bounces.
This construction has repeated earlier than each main CleanSpark rebound:
- January–September 2024: RSI divergence led to a 121% rise.
- June–September 2025: the identical sample triggered a 163% rally.
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Now, the RSI reveals an analogous sign, suggesting that CLSK could be nearing a backside with promoting stress probably exhausted.
CleanSpark’s correlation with Bitcoin reinforces the identical view. Whenever BTC finds a ground after a 15–20% correction, CLSK tends to follow with a steeper bounce. Lately, BTC corrected under $100,000, which might be the cycle’s backside.
That would additionally strengthen the CLSK bottoming concept.
If Bitcoin reaches $150,000 by year-end, as Michael Saylor not too long ago projected, and even early in 2026, it might push CLSK to new native highs. Read on to know the important thing ranges.
Convertible Notes Pressure Price as Money Flow Builds a CLSK Price Base
CleanSpark’s recent $1.15 billion convertible note offering added short-term stress to its inventory, extending its one-month decline by practically 20%. Convertible notes let buyers swap debt for shares, usually creating near-term promoting threat however long-term progress potential.
The near-term promoting threat comes from dilution fears, since changing debt into fairness will increase the variety of shares in circulation and pressures the inventory value quickly.
The agency says that the proceeds, $460 million, will fund a inventory buyback at $15.03 per share, whereas the remaining will help knowledge heart enlargement, AI infrastructure, and repaying Bitcoin-backed loans. This timing matches intently with the Chaikin Money Flow (CMF) indicator, which tracks capital coming into or exiting the inventory.
The CMF has damaged above its descending trendline however has not but held there convincingly. This might be the short-term holders reacting bearishly to the information.
For a full reversal of the CLSK value, CMF should maintain above the road and rise above zero, confirming that buyers are shopping for again into weak point.
If Bitcoin strengthens towards $150,000 and CleanSpark’s CMF climbs above zero, the worth might problem $22.61 as one of many key ranges to beat. That transfer would probably break the consolidation zone and arrange a broader rally, which leads immediately into the long-term image.
The affirmation stage stays $13.52 — if the worth stays above it, the setup holds. A detailed under might drag it towards $8.92. That can be decrease than the 23-month common of $12.32.
Another oblique affirmation right here can be the Bitcoin value holding above $100,000.
CleanSpark 2026 Outlook: Flag Pattern Holds as Long as $9.62 Survives
On the weekly chart, CleanSpark trades inside a flag and pole sample. The pole represents the steep rally from April to October 2025 — a 269% rise over 189 days — and the flag marks the present consolidation.
Note: Smaller interim swings have been excluded to deal with the dominant sample shaping the 2026 outlook.
As lengthy as CLSK holds above $9.62, the sample stays legitimate.
A confirmed breakout above $22.61 — backed by bettering CMF and regular Bitcoin costs — would full the flag’s construction and challenge a long-term goal round $56.9 by mid-to-late 2026.
However, if CMF fails to recuperate and value drops under $9.62, it might invalidate the sample. That might delay CleanSpark’s rebound till cash inflows return.
For now, the setup signifies that the underside is forming. If Bitcoin climbs into the $150,000 vary and CMF confirms accumulation, CleanSpark might reenter a bullish part — turning its correction into one other rally 12 months for 2026.
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