Token

Trust Wallet Token

Momentum

Time

<ul>
 <li><strong>Trust Wallet Token trading volume has surged 1429% in the past 24 hours.</strong></li>
 <li><strong>TWT surges 14% in 24 hours, hitting a two-month high.</strong></li>
</ul>
<p>Trust Wallet Token (TWT), a utility and governance token native to Trust Wallet, the popular noncustodial cryptocurrency wallet, has caught the crypto market’s attention by surging an impressive 14% in the past 24 hours. It also reached a two-month high of $0.934. These developments align with an X post from the Trust Wallet team made just hours ago, teasing upcoming development.</p>
<p>Notably, the post included the hashtags FreedomFoundations and TrustYourself. It immediately grabbed the community’s interest, leaving them eager to speculate about the announcement’s nature.</p>
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 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">The countdown is on. <a href="https://twitter.com/hashtag/FreedomFoundations?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FreedomFoundations</a> <a href="https://twitter.com/hashtag/TrustYourself?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TrustYourself</a> <a href="https://t.co/QXNeUSSqEx" rel="noopener noreferrer nofollow">pic.twitter.com/QXNeUSSqEx</a></p>— Trust Wallet (@TrustWallet) <a href="https://twitter.com/TrustWallet/status/1709586163638600016?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 4, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>It is worth mentioning here that TWT <a href="https://coinmarketcap.com/currencies/trust-wallet-token/" rel="noopener noreferrer nofollow">faced</a> a challenging bearish trend for the past month, hitting a three-month low of $0.7325 on September 11. However, the first week of October has seen a dramatic turnaround, with TWT surging an impressive 19% in just seven days.</p>
<p>One of the most eye-catching aspects of TWT’s recent performance is its trading volume, which spiked significantly by 1429 % in the past 24 hours, reaching a total of $177 million in trading activity. Moreover, TWT is now just 67% away from it’s all-time high of $2.72, reached ten months ago.</p>
<h3 class="wp-block-heading" id="h-analyzing-twt-s-bullish-momentum">Analyzing TWT’s Bullish Momentum</h3>
<p>A closer look at TWT’s recent <a href="https://thenewscrypto.com/trust-wallet-token-twt-price-prediction" rel="noopener noreferrer nofollow">price</a> movements reveals a prevailing bullish trend on the daily chart. The 50-day exponential moving average (EMA) currently sits at $0.8185, positioned below the current trading price. Additionally, the daily relative strength index (RSI) stands at 75, indicating an overbought condition.</p>
<p>Traders remain largely positive in their market sentiment, with many anticipating TWT’s potential to reach the $0.9724 to $1 range for further gains. Nevertheless, it’s essential to exercise caution and remember that a dip below the $0.7731 mark could potentially undermine this bullish outlook, leading to a retest of the $0.7490 support level.</p>

Trust Wallet Token (TWT) Pumps 14%. Time to Buy?

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