WULF Blue Sky Breakout?
Is TeraWulf (WULF) About to Leave the Launchpad? 🚀
Technical Analysis & Market Catalysts | February 9, 2026
The chatter around TeraWulf Inc. (WULF) has reached a fever pitch this February. If you’ve been watching the tape, you’ve noticed a stock that isn't just "drifting"—it’s coiled like a spring. While the broader mining sector has seen its fair share of volatility, WULF is carving out a unique identity as a dual-threat powerhouse in both Bitcoin mining and AI infrastructure.
1. The "Morgan Stanley" Catalyst
The biggest fundamental headline dropped this morning: Morgan Stanley initiated coverage on WULF with an Overweight rating and a $37.00 price target.
- The Math: At current prices (~$14.30), that target implies an upside of over 150%.
- The Signal: When a bulge-bracket bank sets a target this far above the current market price, it often acts as a magnet for institutional "smart money" that has been waiting for a formal entry signal.
2. Massive Infrastructure Expansion (2.8 GW)
On February 2nd, WULF announced strategic site acquisitions that boosted their total power pipeline to 2.8 GW. This pivot is critical because it shifts the narrative from "just a miner" to a massive provider of High-Performance Computing (HPC) and AI data center energy. Wall Street typically rewards infrastructure plays with much higher valuation multiples than pure-play miners.
3. Technical Indicators: The Coiled Spring
The charts are currently flashing several "confluence" signals that suggest a breakout is either in progress or imminent:
| Indicator | Current Status |
|---|---|
| Support Level | Consolidating firmly above $13.70 - $14.00. |
| Relative Strength (RSI) | Hovering at 60—strong momentum without being "overbought." |
| The "Boss Level" | Immediate resistance at $17.00. A break here opens the door to $20+. |
The Bottom Line:
Between the infrastructure expansion and the institutional upgrades, WULF has the fundamental fuel it needs. Keep a close eye on February 26th, when the company reports Q4 earnings. If they provide strong guidance on their AI-ready power sites, the breakout could become a breakaway.
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