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Summary
• Price declined from 1.0052 to 0.9797, forming bearish engulfing and key support near 0.9755.
• RSI moved into oversold territory, suggesting potential short-term bounce.
• Volatility expanded with increased volume, especially after 00:00 ET.
• Bollinger Bands widened, reflecting increased price swings and uncertainty.
• Fibonacci levels suggest 0.9833 as a potential retest and 0.9735 as deeper support.
Price Action and Trading Volume
At 12:00 ET–1, Trust Wallet Token/Tether (TWTUSDT) opened at 1.0052, reached a high of 1.0063, and closed at 0.9797 by 12:00 ET the next day, with a low of 0.9755. Total volume for the 24-hour period was 903,108.3 units, with notional turnover amounting to 884,593.85 USD.
Structure and Key Levels
The price moved in a clear bearish trend, forming bearish engulfing patterns around 1.0004–0.9964 and 1.001–0.9954. Key support levels emerged near 0.9755 and 0.9809, while resistance is found at 0.9833–0.9838. A doji near 0.9797 suggests short-term indecision.
Technical Indicators and Momentum
The RSI dropped below 30 in the final hours, signaling potential oversold conditions. The MACD line turned negative, with a bearish crossover suggesting continued downward momentum. Bollinger Bands widened significantly, reflecting increased volatility.
Volume and Turnover Analysis
Volume surged after 00:00 ET, particularly between 00:00 and 04:00 ET, with large-volume bearish moves observed.

Fibonacci and Retracement Levels
Applying Fibonacci retracements to the most recent 5-minute swing (1.0063–0.9755), key levels at 0.9833 (23.6%) and 0.9786 (38.2%) appear relevant for potential bounce or continuation of bearish momentum. Daily swings show 0.9735 as a critical lower retracement level.
The market may test key support near 0.9755 in the next 24 hours, with potential for a short-term rebound into the 0.9809–0.9833 zone. However, with RSI in oversold and volume still elevated, traders should remain cautious of further downside risks.
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