TeraWulf (WULF) Price Forecast: Breakout Retest Signals Trend Continuation

Author: Bruce Powers

Published: April 17, 2026

Key Points

• Bullish reversal confirmed after a successful retest of the 10-day moving average following a breakout.
• 25-week base breakout remains intact with a close above $18.51.
• Initial Fibonacci extension target at $21.12 has been effectively reached.
• The 10-day moving average is now a key near-term support for trend continuation.
• Upside extension targets remain active toward $25+ Fibonacci and measured move zones.

Market Overview

Shares of TeraWulf Inc. (WULF) are showing signs of extending recent gains after a one-day bullish reversal off a test of support at the 10-day moving average. This price action appears to have completed a two-day pullback to support near the 10-day average, following a new trend high of $20.98 registered earlier in the week. The advance to this new high triggered a breakout of a 25-week basing pattern, confirmed by a daily close above the base high of $18.51.

Technical Analysis

The daily chart indicates a base breakout and the first minor pullback to the 10-day moving average support. The price behavior establishes the 10-day moving average as a key near-term support level. If this level is broken, the 20-day and 50-day moving averages will become important indicators to watch for trend support.

Momentum and Future Projections

Since the breakout, a second leg up appears likely, beginning at Thursday’s higher swing low of $18.25. A bullish hammer formed on Thursday, which was confirmed with a closing above Thursday’s high. Price targets of interest include a 161.8% Fibonacci retracement at $21.82 and a confluence of Fibonacci extensions at $25.28. A measured move from the recent advance suggests a possible upside target around $25.92.

Risk Considerations

While the potential for continuation in the near term is strong, a more substantial pullback is likely to develop at some point. This pullback will be crucial as the reaction near the lower moving averages will provide insights into the strength and durability of the developing bull trend.

Conclusion

TeraWulf's stock is positioned for potential upward movement following a successful breakout and retest of key support levels. Investors should monitor the 10-day moving average closely, as it will be critical for determining the next steps in the stock's price action.