Market Overview for Trust Wallet Token/Tether (TWTUSDT): 24-Hour Analysis

Summary
• Price dropped sharply from 0.8999 to 0.8889, with a partial recovery to close at 0.8952.
• Key support at 0.8912 and resistance near 0.8965 identified.
• Volume surged during the initial selloff, declining as price consolidated.
• RSI hit oversold levels during the dip, hinting at potential short-term bounce.
• Bollinger Bands widened during the selloff, suggesting heightened volatility.

Trust Wallet Token/Tether (TWTUSDT) opened at 0.8961 on 2026-01-10 12:00 ET, reached a high of 0.8999, a low of 0.8832, and closed at 0.8952 by 12:00 ET on 2026-01-11. Total volume was 281,434.0, and notional turnover amounted to 249,799.65.

Structure & Formations

The price action displayed a bearish breakdown with a sharp selloff from 0.8999 to 0.8889, followed by a moderate rebound. A bearish engulfing pattern formed around 0.896–0.893, confirming a shift in momentum. Key support was identified at 0.8912 and 0.8889, while resistance appeared at 0.8965 and 0.8999. A doji near the 0.896 level suggested indecision and potential reversal signals.

Moving Averages

On the 5-minute chart, the 20-period moving average (SMA) fell below the 50-period SMA, confirming bearish momentum during the selloff. The 50-period SMA remains above the 20-period, suggesting short-term bearish bias. On the daily chart, the 50-period SMA may act as a dynamic resistance level, with the 200-period SMA offering longer-term context.

Momentum Indicators

The RSI hit oversold territory (below 30) around 0.8889, suggesting a potential short-term bounce or consolidation phase. MACD showed a bearish crossover early in the session, with a narrowing histogram as price stabilized.

Bollinger Bands

Bollinger Bands expanded during the sharp selloff, with the price dropping near the lower band around 0.8889. The subsequent rally brought price back toward the middle band, indicating a possible return to equilibrium or continuation of a sideways phase.

Volume and Turnover

Volume spiked sharply during the initial selloff (notably between 0.894 and 0.8889) with over 17,000 units traded in a single 5-minute interval. As price stabilized, volume declined, suggesting reduced conviction in the bearish move. Turnover also spiked in the early hours, with a gradual decline into the late session. No major divergences were observed between price and volume.

Fibonacci Retracements

On the 5-minute chart, price found initial support at the 38.2% retracement level (0.894), then bounced further at 0.8912 (61.8%). These levels appear to have acted as temporary floors, potentially offering opportunities for short-term traders. On the daily chart, retracement levels from the prior week’s move suggest 0.8889 as a critical near-term support.

The price appears to be consolidating after a sharp selloff, with Fibonacci and RSI suggesting a potential rebound. However, traders should remain cautious about renewed bearish momentum if key support levels break. Volatility remains elevated, and further volume confirmation will be key in the next 24 hours.