IperionX Limited demonstrates strong technical momentum across multiple timeframes, with price action breaking out above key resistance levels and supported by robust volume and bullish indicator confluence. However, fundamental metrics reveal ongoing net losses and high forward valuation multiples, which may temper the technical optimism. The current price significantly exceeds analyst targets, suggesting potential valuation risk relative to consensus expectations. Liquidity and balance sheet strength are notable positives, but profitability remains a key challenge.