TeraWulf (WULF) bullish surge toward $20.00

TeraWulf (NASDAQ: WULF) operates as a key Bitcoin mining and technology firm. In this article, we analyze its weekly Elliott Wave structure, revealing the current bullish breakout path and key targets ahead of a potential pullback.

Elliott Wave analysis

From its 2023 low, WULF created a three-wave impulsive advance. Wave I ended at $9.30. Subsequently, Wave II corrected to $2.06. Next, Wave III reached $17.05. Then, Wave IV finished at $10.47. Currently, the stock resumes its rally in Wave V of (I), targeting new highs.

The projected path shows an upside target of $18.6 – $21.1. Consequently, the stock must hold above the December 2025 low of $11.13. This key level is essential for continuing the extended cycle higher.

After Wave (I) ends, a larger Wave II correction will begin. This pullback will create a strategic entry point later this year. Afterwards, the stock will resume its weekly bullish trend in Wave (III).

WULF weekly chart 2.10.2026

Conclusion

WULF‘s weekly uptrend remains strongly bullish. Consequently, traders should target strategic entries during corrective pullbacks. Apply our Elliott Wave strategy for precise timing. Specifically, enter the market after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system identifies high-probability reversal zones. This disciplined approach provides clarity and confidence. Ultimately, it positions you to capture the next major advance.