Riot Platforms Inc (NASDAQ: RIOT) stands as a key player in the crypto mining space. The stock has positioned itself for further growth. In this article, we explore the bullish Elliott Wave Structure behind RIOT’s upward trajectory. This analysis highlights potential advances and opportunities for investors.
Riot shows an incomplete bullish sequence from its February 2026 low. The stock managed to break above the 2025 peak of $23.90. Currently, it trades within wave (5) of ((3)). This cycle from the March 2026 low is entering its final phase. The target area sits at $28.20 – $30.40.
Therefore, Riot should soon end this regular impulse. Then, a corrective three-wave pullback in wave ((4)) will begin. We still expect bulls to support the following correction. They will look to buy it in 3, 7, or 11 swings. This will set up the next advance above $30, continuing the rally from 2026 lows.
RIOT 4 Hour Chart 6.1.2026
Conclusion
Riot Platforms maintains an active bullish trend. The stock appears ready for additional gains. Consequently, traders should focus on entry points during daily dips.
Source: https://elliottwave-forecast.com/stock-market/riot-platforms-breaks-out/