WULF: Potential for breakout?

Terawulf Inc

July 23, 2025

About WULF

TeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded by Paul Prager and Nazar Khan on February 8, 2021 and is headquartered in Easton, MD.

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Technical Analysis

WULF has positioned itself in a great spot for a potential breakout and at a good time too since bitcoin is testing new highs and WULF’s earnings are coming up. The chart is rather simple. The chart below is a daily chart where I added its rather strong resistance line of $5.45 and an upward trend line that WULF has bounced off of a few times in the last four months.

WULF is showing steady resistance at one price with higher lows. This is a generally bullish signal for moves up but that’s not the only thing that has me excited about this stock. Since WULF is a Bitcoin mining company, a lot of their revenue should be coming from the Bitcoin they are mining and holding. WULF’s last earnings was on May 9th and Bitcoin price then was just breaking $100k. Bitcoin is now sitting at $117.600 at the time of writing this article. Terawulf Inc’s next earnings report is on August 11th premarket with an estimated revenue of $47.35M. If they can beat that, this would be the first time they beat estimates in a year.

There is one part that makes me nervous about following this Chart/Earnings. The price will have to break out of this pattern I drew on the chart prior to earnings on the 11th. If it breaks up, earnings may be the news it needs to really pop off and retest the $9 - $10 range. If WULF breaks down, than a good earnings call may only help it come back up to the resistance line at $5.45.

A company that is based around Bitcoin is very risky. There are a good amount of bitcoin mining companies. What sets WULF out from the rest is their environmentally clean mining which could potentially be helping keep their cost down. I did not dive into the fundamentals to hard to see what the companies costs actually are.

A Final Note

Retesting $9 from here is an upward movement of 77%. I’m not trying to say that’s where my price target is for WULF but that is the recent high WULF has hit back in November. A realistic price target would be more at the $7 range which is still a 40% move up. If WULF breaks down, I’d look for support in the $4.60 - $4.80 range.

“Never financial advice, Just a thought.”

-Bremcakes

Sources:

Terawulf.com