Market Overview for Trust Wallet Token/Tether

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 11:35 pm ET1min read
TWT
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Aime RobotAime Summary

- TWTUSDT formed a bullish engulfing pattern near 0.9407–0.9470, breaking above key resistance at 0.972 with $158,885 notional turnover confirming the breakout.

- Price surged to a 24-hour high of 0.992 after 10:00 ET, with MACD and RSI confirming strong bullish momentum and volatility expanding sharply.

- The 20/50-period moving averages remained bullish, while price consolidated near 61.8% Fibonacci level at ~0.967, suggesting potential for further gains.

- Volatility spiked above upper Bollinger Band twice, with no price-volume divergence observed during the 24-hour rally.

- Current support at 0.9611 and resistance at 0.9920 indicate sustained bullish bias, requiring volume/momentum monitoring for trend continuation signals.

Summary
• Price formed a bullish engulfing pattern near 0.9407–0.9470 and broke above key resistance at 0.972.
• Momentum accelerated after 10:00 ET, with MACD and RSI confirming strong bullish momentum.
• Volatility expanded during the rally, with price reaching a new 24-hour high of 0.992.
• Notional turnover surged past $158,885 at 9:30 AM ET, confirming the breakout.
• Price remains above the 20-period and 50-period moving averages, suggesting sustained bullish bias.

At 12:00 ET on 2026-01-16, Trust Wallet Token/Tether (TWTUSDT) opened at 0.9407, reached a high of 0.9920, and closed at 0.9611 after a low of 0.9204. Total volume was 1,523,819.0 units, with $158,885.31 in notional turnover.

Structure & Formations


A strong bullish engulfing pattern emerged between 10:15 and 10:30 ET as price moved from 0.9872 to 0.9910, confirming a breakout above prior resistance at 0.972. A 5-minute Fibonacci retracement from the 0.9204 to 0.9920 high shows price consolidating near 61.8% at ~0.967, suggesting potential for further upward movement if bullish momentum holds.

Moving Averages



The 20-period and 50-period moving averages on the 5-minute chart are both bullish, with price consistently above both since midday. Daily 50/100/200 SMA levels show a moderate positive slope, supporting a continuation of the recent trend.

Momentum & Oscillators


MACD crossed into positive territory around 10:00 ET, with a strong divergence between price and volume confirming the bullish impulse. RSI reached 65 during the peak and remains in healthy territory, suggesting no immediate overbought conditions.

Volatility and Bollinger Bands


Volatility expanded sharply after 10:00 ET, with price rising above the upper Bollinger Band, signaling strong bullish momentum. A contraction occurred briefly in the overnight session, followed by a breakout. Current price resides near the upper band again, indicating ongoing strength.

Volume and Turnover


Turnover spiked at 9:30 ET with a massive $158,885 in notional value as price moved to 0.9819. Volume also increased sharply between 10:00 and 10:45 ET, confirming the strength of the rally. No notable divergence between price and volume was observed during the 24-hour period.

Price appears to be in a strong short-term bullish phase, with support at 0.9611 and resistance at 0.9920. A retest of 0.978–0.981 could signal further buying pressure, but a pullback below 0.9611 may invite short-term profit-taking. Investors should monitor volume and momentum indicators for signs of exhaustion or renewed strength.