Token

Trust Wallet Token

Gains

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Trust Wallet Token price currently trades at $0.7986 while witnessing a loss of 0.21% during the intraday trading session.</a> </li> 
 <li> <span>2</span> <a>TWT price has melted below 20, 50, 100, and 200-day exponential moving averages.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Trust Wallet is -43.67%, while the three-month return is 6.89%.</a> </li> 
</ul> 
<p>Trust Wallet Token (TWT) price finally gained bullish momentum on 11 September 2023 after 28 days of consecutive downward momentum. The cryptocurrency price surged roughly 7.60% from the low of $0.74.&nbsp;</p> 
<p>TWT price significantly dropped after several failed attempts to rise above $1. The price faced strong rejection above the $0.98 level due to the strong presence of bears. The asset price recently broke the primary support level of $0.80 and melted to form a support level of $0.74.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized"> 
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-309-1024x577.png" alt="" class="wp-image-167228" style="width: 100%;height:574px" width="1016" height="574" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-309-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-309-768x433.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-309-750x423.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-309-1140x643.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-309.png 1431w" sizes="(max-width: 1016px) 100vw, 1016px"> 
  <figcaption class="wp-element-caption">
    Source: TWT/USDT By <a href="https://www.tradingview.com/x/7gMCq7c7/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The previous candle closed as a bullish candle with a long upper wick. The current candle broke the previous candle’s high but has turned bearish after facing a rejection above $0.825.&nbsp;</p> 
<p>For TWT price to witness decent gains, it must rise and close above $0.88 and potentially retest $1. On the other hand, if the price breaks the support level of $0.74, the price might melt down to the $0.71 level.</p> 
<h2 class="wp-block-heading" id="strong-reason-behind-surge-in-trust-wallet-token-strong"><strong>Reason Behind Surge in Trust Wallet Token</strong></h2> 
<p>Yesterday, <a href="https://www.thecoinrepublic.com/2023/08/24/twt-price-forecast-2023-will-binance-twt-regain-momentum/" target="_blank" rel="noopener noreferrer nofollow">Trust Wallet Token</a> became the top gainer among the top 100 cryptocurrencies with a rise of more than 8%. According to Santiment, a behavioral analytics platform for cryptocurrencies, it showed a rise of 460% in 24-hour trading volume, reaching $72.3 Million.&nbsp;</p> 
<p>Since 30 August, the whale transactions of at least $100,000 worth of TWT have declined by 100%. The decline in whale transactions indicates that small traders triggered the current upward move.</p> 
<p>On-chain data shows a slow rise in number of TWT holders. Current unique addresses have reached 318,359.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-will-the-twt-price-fall-back-to-0-74-strong"><strong>Will the TWT Price Fall Back to $0.74?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-302-1024x577.png" alt="Trust Wallet Token Price Prediction: TWT Price Gains Traction" class="wp-image-167177" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-302-1024x577.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-302-300x169.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-302-768x433.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-302-750x423.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-302-1140x643.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-302.png 1431w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: TWT/USDT By <a href="https://www.tradingview.com/x/MLcvjmMb/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>.&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/08/24/twt-price-forecast-2023-will-binance-twt-regain-momentum/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency price</a> trades below 20,50,100, and 200-day exponential moving averages, indicating bearish momentum. The 20-day EMA has been acting as a resistance for TWT price.&nbsp;</p> 
<p>Chaikin money flow (CMF) score has been trading below the 0 mark since 25 August, suggesting a strong confluence of bears and weakness in the market.&nbsp;</p> 
<p>Currently, CMF trades at -0.09. The relative strength index witnessed a surge after entering the oversold zone and currently trades at 42.51, implying the presence of bulls in the market.&nbsp;</p> 
<p>The Bollinger bands have contracted, indicating a decrease in volatility. TWT’s price faced rejection from the 20-day simple moving average of Bollinger bands and is currently headed toward the lower band.&nbsp;</p> 
<p>The long/short ratio is 0.73, with 42.52% longs and 57.48% shorts, indicating a higher position from the selling side in the last 24 hours.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Trust Wallet Token’s market structure and price action are bearish overall, and TWT’s price needs to rise above the $0.88 level to shift the trend.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<p>Major support: $0.74 and $0.71&nbsp;</p> 
<p>Major resistance: $0.825 and $0.88</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 Gains Traction

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Thecoinrepublic.com

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