Market Overview for Trust Wallet Token/Tether (TWTUSDT) – 2025-10-05

• Price surged 12.7% from $1.3411 to $1.4232, breaking above 1.40 resistance.
• Volatility spiked midday, with a 1.4377–1.4589 intraday high and 1.3988–1.4737 range.
• RSI crossed overbought at 75, suggesting short-term exhaustion and potential pullback.
• Bollinger Bands expanded, reflecting heightened uncertainty; price tested the upper band.
• Volume surged in the 18:00–20:00 ET period, coinciding with the breakout.

Trust Wallet Token/Tether (TWTUSDT) opened at $1.3411 on 2025-10-04 at 12:00 ET, surged to a high of $1.4737, dipped to a low of $1.3988, and closed at $1.4232 as of 2025-10-05 at 12:00 ET. Total volume over the 24-hour period was 10,937,540, while notional turnover amounted to approximately $15,667,150. Price behavior indicates a bullish breakout with strong momentum and increased volatility.

Structure & Formations

The price of TWTUSDT exhibited a strong bullish trend, breaking above key resistance levels at 1.40 and 1.43, with a high of $1.4737. Notable formations include a bullish engulfing pattern during the 18:15–18:30 ET session, followed by a large bullish hammer at 20:15 ET. A bearish reversal pattern emerged around 05:15 ET, as the price dipped below the 1.42 level. These formations indicate strong buying pressure and some consolidation phases, suggesting the pair may face pullback risk after reaching 1.47.

Moving Averages & Bollinger Bands

On the 15-minute chart, the 20-period and 50-period moving averages show a strong bullish bias, with price consistently above both. Bollinger Bands expanded significantly between 18:15 and 20:45 ET, with the price testing the upper band multiple times. This expansion reflects increased volatility and heightened interest in the pair. The price appears to have found a temporary support at 1.41–1.42 and could face resistance at the 1.45–1.46 range in the near term.

MACD & RSI

The MACD line crossed above the signal line around 18:30 ET, confirming the bullish momentum. The histogram remained positive throughout the breakout period, indicating strong buying pressure. RSI reached overbought territory (above 75) during the 19:30–20:30 ET session, which suggests a possible short-term correction is likely. However, as long as RSI remains above 50, the overall bias remains bullish. A drop below 50 could trigger a more substantial pullback.

Volume & Turnover

Volume surged between 18:15 and 20:45 ET, with the largest single 15-minute candle (at 20:15 ET) showing 731,535 units traded. Turnover also spiked during this period, aligning with the price breakout. Notably, volume increased in a bullish context and supported the upward move, indicating strong conviction among buyers. However, divergence in the 05:15–06:15 ET period saw price dip while volume remained relatively low, raising the risk of a bearish surprise.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 1.3988–1.4737 move, the 38.2% level is at $1.4409 and the 61.8% level at $1.4163. The price has tested both levels, with the 61.8% acting as a temporary support. A close below 1.4163 could confirm a deeper correction, while a retest of the 1.4409 level may offer another opportunity for a bullish continuation. For daily chart traders, the 200-day moving average remains a critical long-term level to watch.

Backtest Hypothesis

A potential backtesting strategy could focus on using the 15-minute MACD crossover and RSI divergence to enter positions. A long signal is triggered when the MACD line crosses above the signal line and RSI remains above 50. A stop loss could be placed below the 1.42–1.41 support zone, with a take profit targeting the 1.45–1.46 resistance. This strategy may have historically yielded strong returns during breakout scenarios, but the recent overbought RSI suggests incorporating trailing stops to protect gains. Given the current volatility, testing this strategy on TWTUSDT could offer insights into its viability for short-term traders.