Market Overview for Trust Wallet Token/Tether (TWTUSDT)

Summary
• Price action revealed a bearish breakdown below 1.0200 and tested 1.0135–1.0140 support.
• Volume spiked during 19:15–21:30 ET, confirming bearish momentum.
• RSI signaled oversold territory near 1.0135–1.0140, suggesting potential short-term reversal.

Trust Wallet Token/Tether (TWTUSDT) opened at 1.0192 on 2025-12-06 12:00 ET, reached a high of 1.0269, fell to a low of 1.0058, and closed at 1.0059 by 2025-12-07 12:00 ET. Total volume for the 24-hour window was 597,078.0, while notional turnover amounted to 594,418.41.

Structure & Formations

Price broke below the 1.0200 psychological level early in the session, confirming bearish sentiment. A strong bearish engulfing pattern formed between 19:15–19:30 ET, followed by a prolonged test of the 1.0135–1.0140 support zone. A bullish reversal pattern began forming near that support level, with a potential 61.8% Fibonacci retracement target around 1.0180.

Moving Averages and Momentum

Short-term momentum turned sharply bearish as price fell below both 20 and 50-period moving averages on the 5-minute chart. On the daily chart, price remained below the 50 and 200-period MAs, indicating a longer-term bearish bias. The MACD crossed below zero during the session, reinforcing the bearish trend. RSI hit oversold levels near 30–32 by 1.0140, signaling potential for a near-term bounce.

Volatility and Bollinger Bands

Volatility expanded significantly during the breakdown from 1.0200, with price trading near the lower Bollinger Band for most of the evening. A contraction in band width occurred near the 1.0140 support, suggesting potential for a breakout or reversal. Price remains within the bands but is showing signs of stabilizing near the lower boundary.

**

Volume and Turnover

Volume surged during the breakdown phase between 19:15–21:30 ET, particularly between 1.0158 and 1.0140. Notional turnover peaked during that period, confirming the bearish move. A divergence emerged between price and volume as turnover declined while price remained near 1.0140, hinting at potential exhaustion in the downside move.

**

Forward-Looking Observations and Risk Note

Price appears to have found a near-term floor around 1.0135–1.0140, with a potential bounce toward 1.0180. A close above 1.0200 could signal a short-term reversal. However, the broader bearish bias remains intact, and a break below 1.0135 may extend losses further. Investors should closely monitor the 1.0140 level for confirmation of a potential reversal.