From TradingView · · 40s
TeraWulf Buyers Return at Key Support
TeraWulf stock rebounds after strong bounce from $10.50 support zone.
In brief
TeraWulf stock rebounds after strong bounce from $10.50 support zone. TeraWulf stock rebounded from $10.50 support after reclaiming 0.618 Fibonacci retracement at $12.67, but bearish weekly trends remain. Originally reported by TradingView.
TeraWulf Bounces from Support
TeraWulf stock rebounded from $10.50 support zone after sharp decline from $29.84 high.
Reclaimed 0.618 Fibonacci Level
Price reclaimed 0.618 Fibonacci retracement at $12.67 offering encouragement to bulls.
Bearish Weekly Trend Continues
21/8-week EMAs remain bearishly crossed with overhead resistance around $18.
Momentum Shows Early Improvement
RSI turned higher while StochRSI attempted bullish crossover in oversold territory.
The key point
TeraWulf stock rebounded from $10.50 support after reclaiming 0.618 Fibonacci retracement at $12.67, but bearish weekly trends remain.
