Market Overview for Trust Wallet Token/Tether (TWTUSDT)

Summary
• TWTUSDT formed a bearish engulfing pattern near 1.0300 before entering a consolidation phase below 1.0200.
• Momentum stalled with RSI hovering near 50 and MACD showing weak bullish divergence.
• Volatility expanded through the day, with price closing near the lower Bollinger Band.
• A key support zone formed between 1.0100–1.0130, with high volume observed in that range.
• Fibonacci retracement levels at 1.0145 and 1.0175 may dictate near-term directional bias.

At 12:00 ET on December 10, 2025, TWTUSDT opened at 1.0339, reached a high of 1.0385, and closed at 1.0012, having traded as low as 0.9985. Total volume across the 24-hour window was 1,352,110.0, with a notional turnover of approximately $1,361,983.54.

Structure & Formations

The pair formed a bearish engulfing candle around 1.0300 during the afternoon hours, signaling a potential short-term top.

A consolidation phase followed, with price finding support between 1.0100 and 1.0130. The final 5-minute candle showed indecision with a narrow range and a doji-like close, suggesting traders are waiting for a catalyst.

Volatility and Indicators

Volatility increased throughout the day, as seen by the widening of Bollinger Bands, with price closing near the lower band. The 20-period and 50-period moving averages both trended downward, reflecting a bearish bias on the 5-minute chart. The 50-period EMA remained above the 200-period daily SMA, but the price failed to hold above either, indicating potential bearish pressure.

The RSI remained neutral near 50, suggesting no overbought or oversold conditions. However, the MACD showed a weak bullish signal in the last hour, with the histogram narrowing and the line crossing above the signal line, potentially hinting at a short-term recovery attempt.

Volume and Turnover

Volume spiked sharply in the 1.0100–1.0130 range, confirming key support. The most significant turnover occurred during the late afternoon and early evening, when price dipped below 1.0200. However, price and volume diverged slightly in the last hour, with lower highs and higher volume suggesting a potential shift in sentiment.

Fibonacci and Key Levels

A 38.2% Fibonacci retracement level at 1.0145 and a 61.8% level at 1.0175 appear to be critical resistance targets for the next 24 hours. Price action around these levels may confirm whether this consolidation phase leads to a bounce or a breakdown.

Looking ahead, a break below 1.0100 could signal the start of a new bearish leg, while a move back above 1.0175 may indicate short-covering and a temporary reversal. Investors should remain cautious, as the pair appears to be in a high-volatility phase with no clear directional bias yet.