Token

Trust Wallet Token

Spot

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Trust wallet token price currently trades at $0..9333 while observing a loss of -1.08% during the intraday session.</a> </li> 
 <li> <span>2</span> <a>TWT price has positively crossed 20 and 50-day EMAs.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of the Trust wallet is -33.57% while the three-month return is -20.05%.</a> </li> 
</ul> 
<p>During the start of June 2023, TWT’s price gained enough bearish momentum to shatter the support level of $1.061 level. The increased participation from bears pushed the price below $1. The cryptocurrency price had a downfall of 34% from the June high of $1.0976.&nbsp;</p> 
<p>The price then formed support at $0.73 to halt the bearish momentum. The support formation helped the price in regaining bullish momentum which was also due to BlackRock, the world’s leading asset manager, filing for Bitcoin Spot ETF.&nbsp;</p> 
<p>However, the bullish rally could not push the price above $1. The move was halted by the bears near $0.97 as the price faced strong rejection near $1. During June-end 2023, prices entered into a downtrend and started to form lower lows.&nbsp;</p> 
<p>TWT price melted and formed support at the $0.8250 level. During mid-July 2023, the price regained bullish momentum and started its journey to retest the resistance level of $0.97. The previous candle reached $0.97 but faced rejection from the same.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/6BX0QSK7sLSamdhDZXX-IeInNKQNsg4txjthcJB5jV7pmeAnK-svqcx5Ttbl27e-hiO89HxBMyvVTnQojFeJzc5OUQr60b2-vsK4Mz3pzPANslXjiAij1iX0h-jk2uG7NORgMApK3e-ai6tenxQMCg" alt="Trust Wallet Token Price Prediction: TWT Price Surges Toward $1"> 
  <figcaption class="wp-element-caption">
    Source: TWT/USDT By <a href="https://www.tradingview.com/x/BDF4o8fv/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The current candle of TWT is bearish but currently has a long lower wick indicating the presence of bulls in the market. If the current candle closes as a Doji candle and the next candle is successful in breaking the low of the current candle, there is a possibility that the price might head toward the support level of $0.8250.&nbsp;</p> 
<p>On the other hand, if a candle can break and close above the $0.97 level, then the price might head toward the support-turned-resistance level of $1.06. The market capitalization of <a href="https://www.thecoinrepublic.com/2023/06/11/twt-price-analysis-have-the-bears-overwhelmed-the-bulls/" target="_blank" rel="noopener noreferrer nofollow">Trust wallet token</a> has increased by 7.05% to $391,736,064.&nbsp;</p> 
<p>The 24-hour trading volume has increased by 285.56%. The price is down by 65.62% from the all-time high of $2.72.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-twt-price-rise-above-1-strong"><strong>Will TWT Price Rise Above $1?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/LS_Yaimf_KY6wbyrQ3e5yUEoqZfpb2KpZcQDuWPfiOQA9wi3GdodD30MYNOPerDbvxRnYQg55OzdBaK0uCwLDgRuzqGGy1NQK0HIxRy-Ux0ijXKxn7eC6d518en5-7vPzWLp5JbwuYjWhm1CitwBaQ" alt="Trust Wallet Token Price Prediction: TWT Price Surges Toward $1"> 
  <figcaption class="wp-element-caption">
    Source: TWT/USDT By <a href="https://www.tradingview.com/x/h5BL11oP/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/06/11/twt-price-analysis-have-the-bears-overwhelmed-the-bulls/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency price</a> has crossed above 20 and 50-day EMAs suggesting that the price is slowly gaining bullish momentum. Chaikin money flow (CMF) score is 0.10 with an upward slope indicating strength in the market. Since the start of July 2023, CMF has been below the 0 mark.&nbsp;</p> 
<p>The relative strength index is 63.82 suggesting that the price is in strong bullish momentum. The concern is regarding the rejection from the $0.97 level. Traders should wait for the price to form support before looking for any bids.&nbsp;</p> 
<p>The bands of Bollinger have also started to expand indicating that volatility is slowly increasing in the market. The price has crossed the upper band of Bollinger which suggests a chance of short-term pullback.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The market structure and price action of the Trust wallet are bullish but the price has recently faced rejection from the $0.97 level. The technical parameters are also favoring the buying side.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<p>Major support: $0.8250 and $0.7300</p> 
<p>Major resistance: $0.97 and $1.06</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Trust Wallet Token Price Prediction: TWT Price Surges Toward $1

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Thecoinrepublic.com

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