TeraWulf Inc. (WULF) exhibits a robust uptrend on both daily and weekly charts. The stock has rallied significantly over the past quarter, posting gains exceeding 65% year-to-date, with sustained higher highs and higher lows. Price has broken out from a three-month rectangle consolidation and an ascending triangle pattern, signaling continued bullish bias. This structure aligns with an Elliott Wave progression, where recent action marks the initiation of Minor Wave 3 following a pullback in Minor Wave 2.
Traders are monitoring support at 15.60, 16.75, and 17.05, levels that have held during recent pullbacks and coincide with prior breakout points. Deeper supports appear at 14.35 and 13.75 from trendlines and horizontal zones. On the upside, immediate resistance sits at 19.50, with overhead pressure near recent swing highs of 20.98. A sustained move above 19.50 could target higher levels around 21, while failure at supports may test lower trendlines.
The Relative Strength Index (RSI) hovers around 61.7-63.82, reflecting neutral conditions amid the uptrend and avoiding overbought territory. This suggests room for further upside without immediate exhaustion. MACD shows a positive value of 0.44-1.16, with the histogram supporting momentum, though some sources note potential divergence as the line declines slightly. Overall, these indicators reinforce the prevailing bullish trend.
WULF trades decisively above its key moving averages, confirming the uptrend. The 50-day simple moving average stands near 15.91, the 100-day at 14.68, and the 200-day at 12.17, all generating buy signals. Shorter-term EMAs, such as the 20-day at 17.19 and 10-day at 18.30, further support bullish positioning as price remains elevated relative to these levels.
Volume has spiked during key breakouts, including a 20% above-average reading on the cup-and-handle resolution, underscoring buyer conviction. Over the last 30 days, price action features strong rallies with constructive pullbacks, maintaining the channel up. High volatility, measured by ATR at 7.36%, reflects the stock's responsive nature to market moves, particularly in the bitcoin mining sector.
Recent formations include a bullish cup-and-handle breakout, bull flag, and ascending triangle resolution, all pointing to potential continuation. These patterns have resolved higher on increasing volume, with traders eyeing retests of breakout levels for confirmation.
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Market participants will watch for a decisive hold above 19.50 resistance to confirm extension of the uptrend, with potential retests of supports at 17.05 or 15.60 on any pullbacks. Momentum indicators like RSI and MACD warrant monitoring for shifts, alongside volume confirmation on moves beyond recent highs. Breakout retests and pattern follow-through remain focal points for directional cues.
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A.I.dvisor indicates that over the last year, WULF has been closely correlated with CIFR. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if WULF jumps, then CIFR could also see price increases.
| Ticker / NAME | Correlation To WULF | 1D Price Change % | ||
|---|---|---|---|---|
| WULF | 100% | -1.28% | ||
| CIFR - WULF | 72% Closely correlated | -0.19% | ||
| HUT - WULF | 65% Loosely correlated | -1.35% | ||
| RIOT - WULF | 61% Loosely correlated | +1.23% | ||
| CLSK - WULF | 61% Loosely correlated | +0.23% | ||
| COIN - WULF | 60% Loosely correlated | -6.19% | ||
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