Trust Wallet Token Market Overview

On July 16, 2025, Trust Wallet Token (TWTUSDT) closed at $0.8045 after a 24-hour range of $0.7607 (low) to $0.8253 (high). The price opened at $0.761 and recorded total trading volume of 749,223 units.

Summary

• Trust Wallet Token (TWTUSDT) surged 5.7% over 24 hours, reaching a 2025 high of $0.825 amid sharp volume spikes.
• A 294k-volume candle on July 16 at 14:00 ET marked strong buying pressure, testing resistance near $0.82.
• RSI entered overbought territory (above 嘲, suggesting a potential near-term correction.

Analysis

Structure & Formations

The price broke above $0.80 resistance, forming a bullish flag pattern. Key support now lies at $0.795-$0.80, while resistance remains near $0.825. A falling wedge pattern emerged on July 16, hinting at a potential continuation of the uptrend.

Moving Averages

The 20/50 MA lines on the 15-minute chart remain bullish, with price holding above both. On a daily chart, the 50-day MA at $0.792 provides critical support. A close below this level could signal a reversal.

MACD & RSI

MACD line is above the signal line, but RSI exceeding 70 signals overextension. A pullback to test the 20 MA ($0.798) could follow before resuming the uptrend.

Bollinger Bands

The price touched the upper band during the July 16 surge, indicating volatility expansion. A return to the midline ($0.795) may signal consolidation.

Volume & Turnover

The July 16 14:00 ET candle’s 294k volume spike confirms momentum, though subsequent lower-volume trading hints at exhaustion risks. Volume aligned with price gains suggests institutional buying.

Fibonacci Retracements

A 38.2% retracement from the recent swing low ($0.76) to high ($0.825) aligns with $0.80 resistance, while 61.8% retracement at $0.784 offers deeper support.

Forward Outlook

While the upward momentum remains intact, traders should monitor $0.80 support closely. A sustained close below $0.795 could trigger a deeper correction toward $0.78. Risk-averse investors may consider profit-taking near $0.82 resistance.

Market conditions are volatile; always use stop-losses and consider risk tolerance.