IRYS just exploded with a powerful 27.58% breakout rally and is consolidating after hitting fresh highs.
The chart shows a sharp impulsive surge from the 0.04986 low with strong green candles driving price up to 0.08788 before a mild pullback.
Price is currently at 0.07269, trading below MA7 (0.07680) but comfortably above MA30 (0.06516) and well above MA200 (0.05638). This keeps the broader bullish structure firmly intact.
Zones to watch
Immediate resistance sits at 0.07680 – 0.08788 (MA7 and recent high).
Key support lies between 0.06516 and 0.06200 aligned with MA30.
Momentum
RSI at 56.8 is neutral with good room left to climb.
MACD is slightly negative reflecting short-term profit taking after the big move.
Scenarios
Bullish case: Hold above 0.06516 and reclaim 0.07680.
Take Profit 1: 0.08200
Take Profit 2: 0.08800 – 0.09200
Bearish case: Dropping below 0.06516 might trigger a retrace toward MA200 near 0.0564 where buyers should defend.
Overall IRYS has shown excellent strength with a massive breakout while staying well supported by the longer-term averages. This post-surge consolidation is healthy and constructive. If buyers defend current levels and push back above 0.07680 the setup leans heavily toward further upside continuation. Strong momentum building here.
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