Market Overview: Trust Wallet Token/Tether (TWTUSDT) – 24-Hour Analysis as of 2025-11-11

Summary
• TWTUSDT opened at 1.2769 and closed at 1.2605, with a high of 1.3261 and a low of 1.2491.
• Price retreated from a bullish breakout, hitting a 61.8% Fibonacci level of 1.3015 but failing to hold.
• Volatility increased after 19:00 ET as price surged past Bollinger Band +2σ before correcting sharply.
• RSI moved from overbought to oversold in under 3 hours, signaling sharp reversal potential.
• Turnover spiked at 20:00 ET, with a 15-minute candle showing 83,171 volume and a high of 1.3025.

Opening Narrative

Trust Wallet Token/Tether (TWTUSDT) opened at 1.2769 on 2025-11-10 at 12:00 ET and closed at 1.2605 on 2025-11-11 at 12:00 ET, reaching a high of 1.3261 and a low of 1.2491. Total 24-hour volume was approximately 1,885,122 and total turnover amounted to roughly 2,393,405 (assuming a mid-price of ~$1.28). Price action reflects a strong short-term bearish reversal after a brief upside breakout.

Structure & Formations

Price formed a bearish engulfing pattern at 20:00 ET, where a bullish candle was followed by a larger bearish candle. This signals a potential trend reversal. A doji appeared at 05:00 ET as price paused near 1.2893, indicating indecision among traders. Key support levels are forming at 1.2600–1.2620 and 1.2550–1.2570. Resistance appears to be at 1.2700–1.2720 and 1.2850–1.2870.

Moving Averages

On the 15-minute chart, price closed below both 20 and 50-period SMAs, indicating a bearish bias. For daily analysis, 50 and 200-period SMAs may be approaching a crossover, hinting at a potential bearish trend if 50 SMA crosses below the 200 SMA in the coming days.

MACD & RSI

MACD crossed below the signal line at 19:45 ET, suggesting bearish momentum. RSI dropped rapidly from overbought territory (80+) to oversold (30) in under three hours, pointing to a sharp reversal. This could indicate exhaustion in the bullish wave that occurred during the 19:00–20:15 ET window.

Bollinger Bands

Volatility expanded significantly from 19:00 to 20:30 ET, as price surged above the upper Bollinger Band and then collapsed back below the middle band. This suggests increased short-term uncertainty and could signal a consolidation phase ahead.

Volume & Turnover

Volume spiked at 20:00 ET, with a 15-minute candle showing 83,171 volume and a high of 1.3025. This high-volume bar coincided with a sharp price pullback, indicating selling pressure after the 1.3025 level. Notional turnover was aligned with this spike, suggesting genuine trading activity rather than wash trades.

Fibonacci Retracements

A recent 15-minute swing from 1.3015 to 1.2491 saw price hit the 61.8% retracement at 1.2744 before breaking down. Daily Fibonacci levels may offer resistance at 1.2750 and support at 1.2650 in the next 24 hours.

Backtest Hypothesis

The RSI-based strategy—buy when RSI < 30, hold three trading days—aligns with the observed RSI divergence at 05:00 ET. However, TWTUSDT’s high volatility and sharp corrections may reduce the reliability of this approach unless combined with other filters such as volume or trend confirmation. A modified version could include a moving average crossover to avoid false signals in choppy markets.