Rise

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/twt-price-analysis-will-twt-rise-25-this-uptober/">TWT Price Analysis: Will TWT Rise 25% This Uptober?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
The TWT price displays a sharp increase in bullish momentum in the first few days of October. With the spirit of Uptober clearly visible in the TWT uptrend, the possibility of a prolonged uptrend is skyrocketing for Trust Wallet tokens.&nbsp;
<figure class="wp-block-image"><img decoding="async" width="1600" height="748" src="https://image.coinpedia.org/wp-content/uploads/2023/10/13140226/image-35.png" alt="" class="wp-image-236841" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/13140226/image-35.png 1600w, https://image.coinpedia.org/wp-content/uploads/2023/10/13140226/image-35-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/13140226/image-35-1024x479.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/10/13140226/image-35-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/10/13140226/image-35-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/10/13140226/image-35-150x70.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure>
Before the uptrend rally, the TWT coin price moved sideways between $0.80 and $0.95. However, the recent surge in buying pressure led to a bullish breakout of this consultation range, and currently, the retest phase is in motion.
With a phenomenal jump of 25% in the last 12 days, the TWT coin price exceeds the 50-day EMA and approaches the 200-day EMA. As it approaches the $1 mark, the coin price action did cross $1 on 8th October. However, due to the higher price rejection at $1.05, the prices return to the 200-day EMA.&nbsp;
Furthermore, the phenomenal uptrend increases the possibility of a golden crossover in the daily chart. This will increase the chances of an uptrend rally crossing above multiple resistance zones.&nbsp;
Currently, the TWT price is trading at $0.96 with an intraday jump of 1.12% to challenge the 200-day EMA. With such an intraday growth, the possibility of a post-test reversal from the $0.95 mark is incredibly high.
Technical indicators:
RSI indicator:&nbsp; The daily RSI line is rising higher with the 14-day SMA and is moving closer to the overbought boundary.&nbsp;
EMA: The increasing proximity of the 50-day and 200-day EMA signals a potential golden crossover.
<h2 class="wp-block-heading" id="h-will-twt-price-sustain-above-the-50-day-ema">Will TWT Price Sustain Above The 50-Day EMA?</h2>
Considering the uptrend sustains above the $1 mark, the possibility of a prolonged uptrend to $1.25 is highly possible. Therefore, the TWT price shows a potential for a jump of more than 25% at current market value.
Conversely, an increase in selling pressure due to heightened profit booking can lead to a retest of $0.90.&nbsp;

TWT Price Analysis: Will TWT Rise 25% This Uptober?

Table of Contents

CoinPedia News

Other articles published on Oct 13, 2023

TON Foundation Enlists The Support Of Elliptic To Provide Ecosystem Analysis And Security

Community Asks: How do Faction Zones Work in Cryptopia?

G20 Adopts a Regulatory Roadmap for Cryptocurrencies!

FTX’s stolen crypto funds linked to Russian cybercrime networks

IOST (IOST) Price Prediction 2024, 2025, 2030, 2040, and 2050

Bitcoin Exchange Binance Announced That It Listed This Altcoin In Margin Transactions!

Join our free newsletter for daily crypto updates!