Trust Wallet Token/Tether Market Overview (2025-09-20)

• TWT/USDT rallied sharply from $1.14 to $1.3449, breaking above key resistance levels.
• Strong volume surges in the final 4 hours signal bullish confirmation of the breakout.
• RSI hit overbought levels near 80, suggesting possible short-term consolidation ahead.
• Price is above the 20, 50, and 200-period SMAs, signaling bullish momentum.
• Bollinger Bands show increasing volatility, with price near the upper band at the 24-hour high.

Trust Wallet Token/Tether (TWTUSDT) opened at $1.1601 at 12:00 ET - 1 and surged to a high of $1.3449 before closing at $1.2194 at 12:00 ET. Total volume for the 24-hour period was 42,428,932.0, while notional turnover amounted to approximately $50.4 million (calculated as volume × average price). The price action displayed a strong bullish trend with key resistance levels breached and a surge in volume in the final 4 hours of the session.

The price of TWT/USDT showed a decisive move above the 20-period, 50-period, and 200-period moving averages on the 15-minute chart, indicating bullish momentum. A key resistance level at $1.23 was cleared with volume confirmation. Additionally, Fibonacci retracement levels identified a potential support zone around $1.14–$1.16, which was retested multiple times but ultimately held. A strong bullish engulfing pattern was observed during the price breakout, signaling a potential continuation of the upward trend.

MACD showed a positive crossover with a growing histogram, reinforcing the bullish narrative. RSI peaked near 80, indicating overbought conditions and raising the possibility of a short-term pullback. Bollinger Bands reflected increasing volatility, with the price reaching the upper band during the breakout phase. This suggests a high level of market participation and a potential for further movement if the trend continues.

Volume spiked significantly during the final hours of the 24-hour period, particularly between 12:00 and 16:00 ET, aligning with the price breakout and confirming the strength of the move. Notional turnover also rose in line with the price increase, indicating no divergence between price and volume. This correlation supports the idea of a well-confirmed bullish trend. However, traders should remain cautious as overbought conditions and potential pullbacks can lead to short-term volatility.

Backtest Hypothesis
The price action and indicators suggest that a breakout strategy could have been triggered at $1.23, with a target based on the prior swing high at $1.3449. A stop-loss could have been placed just below $1.16 to capture the bullish move. Given the strong volume confirmation and the technical alignment of moving averages, MACD, and RSI, this setup appears to offer a favorable risk/reward profile for a short-term trade. However, the overbought RSI suggests a possible consolidation or correction may follow the breakout, so position sizing and timing are critical for managing risk.