Cipher Mining Inc is trading 7.4% up at $28.24, extending a sharp multi-session rally fueled by bullish analyst sentiment and heavy momentum interest from traders.
- The stock is currently testing analyst price targets in the $28–$29 range, notably outperforming the broader crypto sector as Bitcoin and Ethereum trade lower.
- The advance appears driven by market sentiment and momentum rather than fresh company-specific news, following a previous close of $26.29 on June 02.