$WULF Weekly Technical Update

The double top formation remains unconfirmed—as long as price holds above the bull market support band, we're not seeing a reversal yet.

Here's where it gets interesting: $WULF is now testing a critical resistance zone. A sell order block sits right at the 0.786 logarithmic Fibonacci level, spanning from $15.16 to $17.12. This confluence is exactly the kind of resistance that typically attracts selling pressure. Price action here will be key—break above and we could see momentum accelerate, but rejection would reinforce the bearish setup. Watch this zone closely.