CleanSpark (CLSK) Price Momentum Weakens, But 2026 Outlook Still Bright: Here’s How

CleanSpark (CLSK) — a Bitcoin mining and AI infrastructure institution — trades adjacent $14.05. CLSK terms is up 48.6% year-to-date but down 20.3% from a twelvemonth ago. This terms show mirrors its accustomed signifier — 1 beardown rallying twelvemonth followed by a cooling signifier that often sets up its adjacent limb higher.

Over the past 23 months, CleanSpark’s terms has swung betwixt $5.73 and $24.72, averaging astir $12.32. These heavy pullbacks person historically preceded large recoveries erstwhile wealth travel and Bitcoin prices stabilize.

On the two-day chart, the Relative Strength Index (RSI) — which tracks buying and selling momentum — shows a hidden bullish divergence. Price has been forming higher lows, portion the RSI has created little lows —a setup that often precedes bounces.

This operation has repeated earlier each large CleanSpark rebound:

• January–September 2024: RSI divergence led to a 121% rise.

• June–September 2025: the aforesaid signifier triggered a 163% rally.

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Now, the RSI shows a akin signal, suggesting that CLSK mightiness beryllium nearing a bottommost with selling unit perchance exhausted.

CleanSpark’s correlation with Bitcoin reinforces the aforesaid view. Whenever BTC finds a level aft a 15–20% correction, CLSK tends to travel with a steeper bounce. Lately, BTC corrected beneath $100,000, which could beryllium the cycle's bottom.

https://twitter.com/cryptoquant_com/status/1988534632199913851?s=46&t=H-MrTuNvkcokgvCx6TS0Dg

That would besides fortify the CLSK bottoming theory.

If Bitcoin reaches $150,000 by year-end, arsenic Michael Saylor precocious projected, oregon adjacent aboriginal successful 2026, it could propulsion CLSK to caller section highs. Read connected to cognize the cardinal levels.

https://twitter.com/saylordocs/status/1988275777989714394?s=46&t=H-MrTuNvkcokgvCx6TS0Dg

CleanSpark’s caller $1.15 cardinal convertible enactment offering added short-term unit to its stock, extending its one-month diminution by astir 20%. Convertible notes fto investors swap indebtedness for shares, often creating near-term selling hazard but semipermanent maturation potential.

The near-term selling hazard comes from dilution fears, since converting indebtedness into equity increases the fig of shares successful circulation and pressures the banal terms temporarily.

The steadfast says that the proceeds, $460 million, volition money a banal buyback astatine $15.03 per share, portion the remainder volition enactment information halfway expansion, AI infrastructure, and repaying Bitcoin-backed loans. This timing fits intimately with the Chaikin Money Flow (CMF) indicator, which tracks superior entering oregon exiting the stock.