Market Overview for Trust Wallet Token/Tether (TWTUSDT)

Summary

• TWTUSDT traded in a tight range, consolidating within key Fibonacci levels.
• RSI showed overbought conditions in the morning, followed by bearish momentum reversal.
• Volume surged in the late afternoon, aligning with price dips below the 20-period MA.
• Bollinger Bands expanded post-noon, reflecting increased volatility amid a failed breakout.
• Price found support near the 0.618 retracement level, but failed to confirm a bullish reversal.

Open, High, Low, Close, and 24H Volume

Trust Wallet Token/Tether (TWTUSDT) opened at 1.2018 on 2025-11-12 at 12:00 ET, reaching a high of 1.2179 and a low of 1.1818 before closing at 1.2043 on 2025-11-13 at 12:00 ET. Total volume for the 24-hour period was 1,239,346 contracts, with total turnover of $1,506,795 based on the dataset provided.

Structure & Formations

Price action formed a bearish engulfing pattern near the 1.2130 level in the early hours of the morning before consolidating. A strong rejection at the 1.2179 resistance coincided with a 20-period MA crossover to the bearish side. A doji at 1.2101 signaled indecision, with price failing to confirm a bullish breakout. Key support appears to be near the 1.2030–1.2040 range, where price found repeated support in the last 6 hours.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA in the afternoon, signaling a bearish bias. The 50-period MA currently sits at ~1.2035, acting as dynamic support. On the daily chart, the 50-period MA (not provided in the dataset) would likely be near 1.208–1.210, with the 200-period MA acting as a long-term resistance. Price appears to be under pressure below the 50-period MA.

MACD & RSI

MACD turned bearish in the late afternoon with a negative divergence forming. RSI climbed into overbought territory (~70) around 19:00–20:00 ET before retreating sharply into oversold territory (~29) by 00:00–01:00 ET. This suggests a possible short-term bounce but does not confirm a reversal. Momentum is currently neutral to slightly bearish.

Bollinger Bands

Volatility expanded post-noon with price moving toward the upper band. A strong rejection at the upper band coincided with a bearish engulfing pattern, suggesting a potential shift in sentiment. Price has since consolidated within the bands, with the lower band acting as support in the 1.2030–1.2040 range.

Volume & Turnover

Volume spiked to over 130k contracts near 19:00–20:00 ET as price declined from 1.2179 to 1.1928. This bears confirmation of bearish pressure at key resistance. However, price failed to break the 1.2030–1.2040 range despite increased volume in the last 6 hours, suggesting a potential reversal is in play if volume picks up with a bullish close.

Fibonacci Retracements

A key 61.8% retracement level at ~1.2040 coincided with recent price consolidation, offering strong near-term support. The 38.2% retracement level (~1.2080) has shown resistance in the afternoon. If price breaks above 1.2130, the next target would be 1.2179 (100% retracement of the 1.1818–1.2179 swing).

Backtest Hypothesis

The RSI-Oversold → RSI-Overbought strategy has shown moderate historical performance, with an annualised return of 16% and a Sharpe ratio of 0.39, indicating limited risk-adjusted returns. While it captured bullish momentum, it also exposed the portfolio to significant drawdowns (~58%), emphasizing the need for tighter stop-loss placement or trend confirmation filters.

Forward View and Risk Caveat

Looking ahead, TWTUSDT appears range-bound with key support near 1.2030–1.2040 and resistance at 1.2130–1.2179. A break above the 1.2130 level with strong volume may signal a resumption of the bullish trend. However, bearish momentum and volume patterns suggest a cautious outlook, with potential for consolidation or a pullback. Investors should monitor 1.2040 for continued support.