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

Summary
• Price declined from 0.8958 to 0.8762 amid increasing bearish momentum and low volatility.
• Key support levels at 0.876 and 0.873 appear critical for near-term stability.
• Volume surged in early ET hours before fading, signaling potential consolidation.

Trust Wallet Token/Tether (TWTUSDT) opened at 0.8842 on 2026-01-12 at 12:00 ET, reached a high of 0.8958, a low of 0.8731, and closed at 0.8805 on 2026-01-13 at 12:00 ET. The 24-hour volume totaled 393,830.0 and turnover reached 346,119.30.

Structure & Formations

Price experienced a sharp bearish breakdown in the early hours of ET, forming a strong bearish engulfing pattern around 18:30 ET, followed by a consolidation phase in the early morning. A doji formed near 0.8762, suggesting temporary indecision. Key support levels at 0.876 (61.8% fib) and 0.873 (38.2% fib) appear critical for the next leg of movement.

Moving Averages

On the 5-minute chart, the 20SMA and 50SMA crossed bearishly, reinforcing the downtrend. Daily 50/100/200SMA show a flat to slightly bearish bias, indicating a potential for further correction should price fail to retest the 0.8842 level.

Momentum & Volatility

The 12-period MACD turned bearish and remained negative throughout the session, aligning with the bearish close. RSI fell into oversold territory (below 30) in the early morning, suggesting a potential bounce from 0.8762–0.8785. Volatility, as measured by Bollinger Bands, remained compressed for most of the session but expanded during the sharp breakdown, indicating a high probability of continued directional movement.

Volume and Turnover

Volume surged in the early evening hours during the breakdown to 0.8762, with a volume of 39,383 at 18:30 ET. However, volume diminished in the consolidation phase, suggesting reduced conviction in the bearish move. Turnover aligned with volume surges and remained proportional, with no notable divergence.

Forward-Looking View

Looking ahead, a close above 0.8785 could trigger a short-term retest of 0.8805–0.882, but a breakdown below 0.876 could accelerate the trend toward 0.873. Investors should remain cautious and watch for a potential reversal pattern near key support levels, as volatility could remain elevated depending on macro sentiment and broader crypto market conditions.