Market Overview: Trust Wallet Token/Tether (TWTUSDT) – 2025-10-10 24-Hour Summary

• Price surged to a high of 1.6057 before correcting sharply, ending the day at 1.5078.
• Volume spiked during the morning reversal, but turnover failed to confirm strength.
• RSI signaled overbought conditions earlier in the day, followed by a rapid sell-off.
• Bollinger Bands showed a sharp expansion during the peak, indicating heightened volatility.
• A bearish engulfing pattern formed after the high of 1.6057, suggesting short-term bearish momentum.

Trust Wallet Token/Tether (TWTUSDT) opened at 1.45 on 2025-10-09 at 12:00 ET, surged to a 24-hour high of 1.6057 before reversing sharply, and closed at 1.5078 on 2025-10-10 at 12:00 ET. The pair traded within a range of 1.43 to 1.6057 over the period. Total trading volume amounted to 14,419,410.00, with a notional turnover of approximately $21,763,581.00, based on the average price during the candle closures.

On the 15-minute chart, TWTUSDT exhibited a clear bearish reversal after reaching the session high of 1.6057. A bearish engulfing pattern formed in the wake of the high, signaling potential exhaustion of bullish momentum. Support levels were observed around the 1.500–1.510 cluster, with the 1.490 level providing a secondary level. Resistance remains at 1.520–1.530, where prior rejections are visible. The 20-period moving average crossed below the 50-period line, indicating bearish momentum at the shorter timeframe.

The 50-period moving average on the daily chart remains above the 200-period MA, suggesting a longer-term bullish trend, though the 100-period MA has begun to converge downward. RSI on the 15-minute chart peaked above 80 before a sharp decline, signaling a classic overbought reversal. The MACD histogram turned negative during the morning hours, aligning with the bearish price action. Volatility expanded significantly with Bollinger Bands stretching wide following the 1.6057 high, and prices closed near the lower band, suggesting possible oversold conditions at the close.

Volume distribution highlighted the morning reversal as a key event, with a large volume spike at 04:30 ET when the price dropped from 1.6057 to 1.5815. However, notional turnover did not confirm the strength of the move, indicating a potential divergence in conviction. The 1.5078 close is near the 61.8% Fibonacci retracement level of the earlier bullish leg, suggesting it could act as a temporary floor. A break below this level could trigger further downside toward 1.480–1.490.

Backtest Hypothesis

The backtest strategy involves entering long positions when price breaks above the 50-period moving average and closes above it, with a stop loss placed below the 20-period MA on the 15-minute chart. A short position is triggered when price breaks below the 50-period MA and closes below, with a stop loss above the 20-period MA. The strategy targets the 61.8% Fibonacci level on the 15-minute chart as a potential reversal or breakout zone.

Given the recent bearish reversal and divergence in volume/turnover, the strategy might suggest entering short positions with a target near 1.480 and a stop above 1.520. A long position could be considered on a retest of the 1.520–1.530 resistance level with a stop below 1.500. The 15-minute MACD and RSI would be used to confirm momentum direction before trade execution.