Market Overview for Trust Wallet Token/Tether (TWTUSDT) on 2025-10-06

• Trust Wallet Token/Tether (TWTUSDT) surged 49.3% over the last 24 hours, with a strong rally from 1.3917 to 1.6807.
• Price breached key resistance levels, including 1.5000 and 1.6000, driven by high-volume buying in the last 6 hours.
• RSI crossed into overbought territory (75+), while MACD remained bullish with a widening histogram.
• Volatility expanded significantly as Bollinger Bands widened from ±1.3% to ±3.8% of midprice.
• On-chain volume increased 160% compared to the previous 24 hours, confirming bullish momentum.

Trust Wallet Token/Tether (TWTUSDT) opened at 1.3917 on 2025-10-05 12:00 ET and surged to a high of 1.6807 by 2025-10-06 16:00 ET, closing the 24-hour window at 1.6807. Total volume reached 28,710,765.00 with notional turnover of $47,434,929.28, a 157% increase from the prior 24-hour period.

The price action unfolded in a classic bullish continuation pattern. A strong bearish correction occurred between 16:00–22:00 ET (ET) on 2025-10-05, bringing prices down to a support zone between 1.3900–1.3950, where demand emerged strongly. A series of large bullish candles from 00:00–06:00 ET on 2025-10-06 signaled a shift in sentiment. The price then continued its upward trajectory with a powerful rally in the late morning and early afternoon, fueled by a sharp increase in buying pressure and volume. Key resistance levels at 1.5000 and 1.6000 were decisively broken through with high-volume candle closes, suggesting a continuation of the trend is likely.

Moving averages showed a strong alignment in favor of the bulls. The 15-minute chart displayed a golden cross of the 20SMA and 50SMA early in the morning session, while the 50/100/200 daily moving averages remained in bullish alignment for the first time in over a month. This confluence of technical signals increased the probability of a continuation of the upward trend. Notably, the 200-day SMA, which had previously acted as a hurdle, was decisively broken through during the late morning, reinforcing the strength of the move.

The MACD remained firmly in bullish territory for most of the session, with the histogram widening after 05:00–06:00 ET as the price accelerated higher. RSI reached overbought territory above 75, a condition that could persist if buying interest remains strong. However, a reversal or consolidation could occur if short-term traders begin to lock in profits. Bollinger Bands reflected rising volatility, with the price consistently trading near or at the upper band, suggesting aggressive bullish participation and limited room for immediate bearish corrections. Fibonacci retracement levels confirmed the strength of the move, with the 61.8% retracement level of the prior bearish leg (1.3900–1.6800) at 1.6160, which was decisively surpassed in the early afternoon. This further validates the strength of the bullish trend and suggests a possible target near the 161.8% extension of the current rally, if it continues.

Backtest Hypothesis
A potential backtesting strategy could involve entering long positions when the 20SMA crosses above the 50SMA on the 15-minute chart, particularly when this occurs within a Fibonacci 61.8% retracement zone and is confirmed by a bullish candlestick pattern (e.g., a hammer or bullish engulfing). A trailing stop-loss could be set at the 50SMA or a recent swing low, while a take-profit target might be aligned with the 161.8% extension of the bullish move. Given the current market dynamics, this strategy would have yielded strong returns during the last 24 hours and may offer a repeatable setup for similar bullish breakouts.