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On Tuesday, shares of CleanSpark Inc (CLSK) fell to an oversold level with a Relative Strength Index (RSI) reading of 29.5, closing at $7.81 per share. This is in contrast to the S&P 500 ETF (SPY), which has an RSI of 41.6. CleanSpark’s stock reached a low of $7.73, marking its 52-week low, while the 52-week high stands at $24.72.
The RSI indicator suggests that the recent selling pressure may be exhausting, potentially signaling a buy opportunity for bullish investors.
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