TeraWulf Jumps 16.9% on Crypto Beta
$TeraWulf Inc.(WULF)$
$15.94 (+16.86%): Crypto-beta squeeze; hold $15.2 keeps $16.6–$17.1 retest alive
Market Recap (as of Oct 29, 2025):
TeraWulf ripped +16.9% to $15.94, trading $14.63–$17.05 on 114.47M shares (~2.5× avg 46.48M). Pre-market quotes near $16.12.
Bid was aided by stronger crypto tape and miner beta ahead of the Nov 10 earnings date; high beta ~4.28 underscores headline sensitivity.
Technical Indicators Analysis:
RSI(14) ~71 (near overbought) while MACD is hovering around its signal—momentum strong but susceptible to shakeouts.
Price reclaimed recent supply and sits above short-term EMAs; structure favors sideways-up provided the gap area holds.
A firm close > $16.6 opens $17.1 and then $17.8; failure to hold the mid-$15s invites a fade toward the low-$14s to retest demand.
Support / Resistance:
Support: $14.6–$15.2
Resistance: $16.6–$17.1
Valuation and Target Range:
No meaningful TTM P/E (EPS −$0.35); contrasts with the S&P 500 ~25×. Base case next 1–3 weeks: trade $15–$17 with upside skew;
a daily close > $17.1 targets $17.8 (stretch $18.5 if crypto momentum persists). A close < $14.6 shifts bias to $13.8–$14.2.
Risk Statement:
Highly volatile, crypto-linked name—gaps and sharp reversals are common. This is technical commentary only, not investment advice.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.
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