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IREN has been consolidating around a critical support zone. Earlier this week, the token broke above the $39.50 level, and come Friday, it found solid footing right at that mark—classic textbook bounce. So what's next? Traders are eyeing the $44.16 resistance as the immediate hurdle. If IREN clears that, the next target sits at the $53 range top. Conversely, watch that $39.50 support—any slip below it could signal weakness.