Token

Trust Wallet Token

Bitcoin

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/twt-price-analysis-with-twt-above-1-will-bulls-touch-1-35/">TWT Price Analysis: With TWT Above $1, Will Bulls Touch $1.35?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
With altcoins finding support levels to find the nearest footing as Bitcoin stabilizes at around $28K, TWT price retests the $1 mark. The ongoing retest and the lower side rejection increase the support to a bull run possibility in the Trust Wallet Token price.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="478" src="https://image.coinpedia.org/wp-content/uploads/2023/10/18113203/TWTUSD_2023-10-18_10-30-46-1024x478.png" alt="" class="wp-image-237708" srcset="https://image.coinpedia.org/wp-content/uploads/2023/10/18113203/TWTUSD_2023-10-18_10-30-46-1024x478.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/10/18113203/TWTUSD_2023-10-18_10-30-46-300x140.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/10/18113203/TWTUSD_2023-10-18_10-30-46-768x359.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/10/18113203/TWTUSD_2023-10-18_10-30-46-1536x718.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/10/18113203/TWTUSD_2023-10-18_10-30-46-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/10/18113203/TWTUSD_2023-10-18_10-30-46.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px">
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Escaping the long-term dynamic resistance of the 50-day EMA, the TWT price turns the tides in a bullish favor. With a jump from $0.71 to reclaim the $1 mark, the uptrend in Trust Wallet Token continues to form higher lows.&nbsp;
With TWT buyers driving the market value higher by 46% within the last 40 days, the Trust Wallet Token might soon recover the 25% YTD drop. Following the 200-day EMA and $0.95 retest, the bullish jump reaches the $1.15 peak before retesting the psychological mark of $1.&nbsp;
Taking a sharp reversal from the 200-day EMA, the retest of $1 seems successful and may soon charge the bull run. Moreover, the possibility of a morning star pattern arises at $1, teasing a stronger comeback for Trust Wallet Token.
The TWT price is currently trading at $1.049 with an intraday jump of 0.77%, sustaining the bullish spirit. Given the intraday growth and lower price rejection, the possibility of a post-test reversal from the $1 mark seems likely.
Technical indicators:
MACD indicator: The MACD and signal lines maintain a positive trend despite the shortfall in histograms. Thus maintaining a positive outlook on the TWT price trend.&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>
With the market ready to continue the Uptober rally, the altcoins may soon find a bullish comeback. In the case of Trust Wallet Token, the long wick and the demand at $1 may soon propel the prices. Considering the post-retest jump exceeds the $1.15, the TWT price can reach the $1.35 mark, accounting for a 16% hike.
Conversely, an increase in selling speed due to profit booking can lead to a retest of $0.90.&nbsp;

TWT Price Analysis: With TWT Above $1, Will Bulls Touch $1.35?

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