Market Overview for Trust Wallet Token/Tether USDt (TWTUSDT)

• Price surged 25.5% in 24h, breaking above key resistance at $0.77
• RSI hit overbought territory at 78, suggesting possible near-term pullback
• Volume spiked by 300% in the last 4 hours amid a bullish breakout
• Bollinger Bands show expansion, confirming increased volatility
• MACD histogram shows strong positive momentum, but may peak soon

The Trust Wallet Token/Tether USDt (TWTUSDT) opened at $0.7452 (12:00 ET – 1), hit a high of $0.8224, a low of $0.7408, and closed at $0.8136 (12:00 ET) after a strong 24-hour rally. Total volume was 15.7M, with $12.8M in turnover, a sharp increase from the previous 48 hours.

Structure & Formations

The price formed a strong bullish continuation pattern from $0.75 to $0.82, supported by a 15-minute engulfing pattern at $0.78 and a confirmation candle at $0.8051. Key resistance levels emerged at $0.77 (broken), $0.79, and $0.815. A strong support at $0.765 has been retested twice, with price bouncing up each time. A long upper shadow at $0.8164 suggests short-term consolidation could follow.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA to form a golden cross at $0.76–0.77, confirming the bullish trend. The 50-period MA is currently at $0.794, while the 100- and 200-period MAs on the daily chart are at $0.778 and $0.772, respectively, suggesting the 15-minute bulls are ahead of the daily average.

MACD & RSI

The 12/26/9 MACD turned strongly positive and is currently at +0.018 with a rising histogram, signaling strong momentum. RSI climbed to 78–79, indicating overbought conditions. This suggests a possible pullback or consolidation before a new wave higher. If RSI drops below 50, bearish momentum could take hold.

Bollinger Bands

Bands have widened significantly, reflecting increased volatility. Price has remained above the 20-period moving average and currently sits near the upper band at $0.8224. A contraction in band width may signal a consolidation phase ahead.

Volume & Turnover

Volume spiked dramatically in the last 4 hours, especially during the breakout to $0.8224, where it surged by 300% compared to the previous 24 hours. Turnover aligned with the volume increase, confirming strong conviction in the move higher. Divergence between price and volume has not yet appeared, suggesting the rally may continue but with a risk of topping out soon.

Fibonacci Retracements

On the 15-minute chart, price broke above the 61.8% retracement level at $0.795 before extending to $0.8136. On the daily chart, the 61.8% retracement of the prior downtrend (from $0.85 to $0.7452) is currently at $0.799, aligning with recent resistance.

Backtest Hypothesis

The described backtesting strategy involves a trend-following approach using the 50-period EMA and MACD crossover as entry signals, with a stop-loss placed below the 15-minute swing low. This aligns with the current technical setup, where price is above the 50-period EMA and MACD is strongly positive. A trailing stop at $0.78 could capture further upside while managing risk. Given the current momentum and overbought RSI, a partial profit-taking exit at $0.815 would balance reward with risk.

Looking ahead, TWTUSDT may retest $0.815 before attempting to push toward $0.83, but traders should watch for a pullback to $0.78–0.785 as a sign of healthy consolidation. A breakdown below $0.77 could signal a return to lower-range trading. As always, market conditions can shift quickly—stay alert to news and broader market sentiment.