Market Overview for Trust Wallet Token/Tether (TWTUSDT)

• Price for TWTUSDT swung between 1.3119 and 1.3918 over the last 24 hours, forming a volatile but directional pattern.
• A sharp upward move in the last 5 hours pushed price to 1.3887, closing near a key Fibonacci resistance level.
• RSI and MACD signaled increasing bullish momentum, but volume surged only in the final 6 hours of the session.
• The Bollinger Bands widened significantly, indicating rising volatility and a potential consolidation phase.
• Strong buying pressure was seen in the last 3 hours, with volume and price direction aligning positively.

Trust Wallet Token/Tether (TWTUSDT) opened at 1.3319 on 2025-10-02 at 12:00 ET, surged to a high of 1.3918, and closed at 1.3887 by 12:00 ET on October 3, 2025. Total volume traded over the 24-hour period was 12,853,915.0, with a turnover of approximately $16,873,991 (based on volume × average price). The pair displayed a sharp rally in the latter part of the session, breaking out of a defined range and testing key technical levels.

On the 15-minute chart, price action displayed a bullish trend with several bullish engulfing patterns and a hammer at 1.3204 after a prior bearish consolidation. Key resistance levels emerged at 1.3543, 1.3643, and the current high of 1.3887, with a strong support zone between 1.3303 and 1.3249. Price found support at 1.3119 before launching higher, forming a bullish reversal pattern around 1.3204. These levels could serve as critical decision points for the near term.

MACD showed a positive crossover around 18:00 ET on October 2, followed by an increasing histogram, which signaled growing bullish momentum. RSI surged above 60 in the final 4 hours of the session and approached 65 at the close, suggesting strong but not overbought conditions. Bollinger Bands expanded as the price broke out of a range, with the upper band at 1.3918. Price has since remained near the upper band, indicating elevated volatility and a potential pullback into the bands.

Volume spiked significantly in the final 6 hours, with the highest 15-minute volume reaching 667,811.0 at 16:15 ET on October 2. Notional turnover confirmed the price rally, with no divergences observed. Fibonacci retracements applied to the key swing from 1.3119 to 1.3918 identified 1.3543 (38.2%) and 1.3643 (50%) as psychological levels, both of which were tested before the final leg up to 1.3887. Price now appears poised for a potential test of the 1.3918 upper band, with a possible consolidation into the Bollinger channel expected if momentum slows.

Backtest Hypothesis
Given the strong bullish signal from the MACD crossover and the volume confirmation, a potential strategy could involve a long entry near the 1.3643 Fibonacci level with a stop-loss below 1.3543. A target would align with the upper Bollinger Band at 1.3918 and potentially extend into the 1.405–1.415 zone as price continues to consolidate higher volatility. This setup could be backtested over similar breakout scenarios, using a trailing stop to lock in profits as the trend progresses. The strategy relies on momentum confirmation and volume action to filter false breakouts.