<![CDATA[<figure class="image"><figcaption>TWT/USD Chart / Source: Adobe</figcaption></figure>$TWT, crypto wallet platform Trust Wallet&rsquo;s native utility token, has seen a major bullish breakout in the past two sessions, with price predictions becoming increasingly bullish.The crypto token, which is issued on the Ethereum blockchain using the ERC-20 token standard, has pumped more than 20% over the past two days from under $0.80 per token to its current price in the $0.96s.Hype and speculation about a major upcoming announcement that could add to $TWT&rsquo;s utility by <a href="https://cryptonews.com/guides/trust-wallet-review.htm">Trust Wallet</a> appears to be the catalyst of the latest move higher.In a cryptic tweet shared on Wednesday, the crypto wallet developer said &ldquo;the countdown is on&rdquo;, without elaborating on any further details.<figure class="media"><oembed url="https://twitter.com/TrustWallet/status/1709586163638600016"></oembed></figure>That tweet alone appears to have been sufficient to encourage some degen traders to pile into the market and pay an elevated price of $TWT tokens in the hopes they might be front-running major future gains.A major boost to $TWT&rsquo;s utility could be just what the token needs to revive it from its 2023 bear market.Whilst other sectors of the crypto market have rallied in 2023, <a href="https://cryptonews.com/guides/best-trust-wallet-alternatives.htm">Trust Wallet&rsquo;s</a> $TWT has lost more than 30% of its value, after failing to hold onto its <a href="https://cryptonews.com/news/trust-wallet-price-prediction-as-twt-blasts-up-92-week-100-move-incoming.htm">post-FTX collapse gains</a> that sent it as high as the $2.70s.At the time, crypto traders were betting that FTX&rsquo;s collapse would bolster demand for <a href="https://cryptonews.com/videos/how-to-self-custody-your-bitcoin.htm">self-custody</a> wallets, like those provided by Trust Wallet (thus also boosting $TWT&rsquo;s demand and value).<h2 id="strong-price-prediction-where-next-for-trust-wallet-twt-strong">Price Prediction - Where Next for Trust Wallet ($TWT)?</h2>$TWT&rsquo;s latest push higher has seen it break convincingly to the north of its 21, 50 and 100-Day Moving Averages, a strong signal of a positive shift in short-term market momentum.However, $TWT has so far failed to break above key resistance around the $1.0 level, where the 200DMA, July and August highs and March lows reside.A clean break above this area, as well as resistance at $1.05, would open the door for a sustained bull market.<figure class="image"><img src="https://cimg.co/news/126062/332853/twt.jpg" srcset="https://cimg.co/news/126062/332853/responsive-images/twt___media_library_original_1797_712.jpg 1797w, https://cimg.co/news/126062/332853/responsive-images/twt___media_library_original_1200_475.jpg 1200w, https://cimg.co/news/126062/332853/responsive-images/twt___media_library_original_900_357.jpg 900w, https://cimg.co/news/126062/332853/responsive-images/twt___media_library_original_720_285.jpg 720w, https://cimg.co/news/126062/332853/responsive-images/twt___media_library_original_600_238.jpg 600w, https://cimg.co/news/126062/332853/responsive-images/twt___media_library_original_300_119.jpg 300w" width="1797" class="content-img" alt=""></figure>Of course, much depends on the upcoming announcement from Trust Wallet, and whether it is met with a positive reaction from the crypto trading community.<h2 id="strong-crypto-alternatives-to-consider-strong">Crypto Alternatives to Consider</h2>The near-term outlook for Trust Wallet ($TWT) is potentially very strong, but crypto investors should always be looking to diversify their holdings.An alternative and equally high-risk-high-reward investment strategy to consider is getting involved in crypto presales.This is where investors buy the tokens of up-start crypto projects to help fund their development.These tokens are nearly always sold cheaply, and there is a long history of presales delivering huge exponential gains to early investors.Many of these projects have fantastic teams behind them and a great vision to deliver a revolutionary crypto application/platform.If an investor can identify such projects, the risk/reward of their presale investment is very good.The team at Cryptonews spends a lot of time combing through presale projects to help investors out.Here is a list of 15 of what the project deems as the best crypto presales of 2023.<a href="https://cryptonews.com/news/new-cryptocurrency.htm">See the 15 Cryptocurrencies</a>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Trust Wallet Token Price Prediction as Team Teases Major Announcement – Where Next for TWT Price?

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