Market Overview for Trust Wallet Token/Tether (TWTUSDT)

Summary
• TWTUSDT formed a bullish engulfing pattern after breaking key support at 0.9312.
• RSI signaled overbought conditions near 0.9485, followed by a sharp pullback into oversold territory.
• Bollinger Bands expanded during the 0.9401–0.9486 rally, indicating rising volatility.
• Volume surged during the 16:45–17:00 ET sell-off, confirming a potential short-term bottom.
• Price action between 0.9319 and 0.939 reflects consolidation after the sharp intraday correction.

The Trust Wallet Token/Tether (TWTUSDT) opened at 0.927 on 2026-01-05 12:00 ET and closed at 0.9278 by 12:00 ET the following day. The 24-hour range was 0.9182–0.9485, with total volume reaching 704,510 and notional turnover at 653,102.2882.

Structure & Formations

A bullish engulfing pattern emerged at 0.9319–0.9326, where price broke below key support at 0.9312 and then reversed sharply. The 0.9278 close at 12:00 ET suggests a potential base forming around the 0.930–0.932 level. A bearish flag pattern is visible in the 16:45–17:00 ET sell-off, confirming a possible short-term bottom.

Moving Averages

The 5-minute chart showed the price above its 20-period moving average, indicating short-term bullish momentum. Daily averages suggest a pullback toward the 50- and 100-period lines, with a potential bounce expected if the 0.930 level holds.

MACD & RSI

MACD showed a narrowing histogram during the 0.9485 peak, followed by a bearish crossover near 0.9401. RSI reached overbought territory near 0.9485 and fell sharply to oversold levels, signaling a potential reversal. The oscillator is now recovering from oversold conditions, suggesting limited near-term downside.

Bollinger Bands

Bollinger Bands expanded during the 0.9401–0.9486 rally, signaling a period of rising volatility. Price is now consolidating near the lower band, suggesting a potential reversal if the 0.932 level holds.

Volume & Turnover

Volume spiked during the 16:45–17:00 ET sell-off, confirming the bearish breakdown. However, turnover did not follow suit, indicating weaker conviction in the move. A divergence between volume and price is visible in the 14:45–15:00 ET range, signaling potential exhaustion in the bearish trend.

Fibonacci Retracements

The 5-minute rally from 0.9319 to 0.9485 found resistance at the 0.9485 level (61.8% retracement), while the subsequent pullback to 0.939 (38.2%) suggests a potential bounce. Daily Fibonacci levels also align near 0.932 and 0.937, reinforcing key support/resistance levels.

Price appears to be forming a consolidation pattern between 0.931 and 0.940 over the next 24 hours, with the potential for a break above 0.9406 to resume the bullish trend. However, a breakdown below 0.927 could extend the correction further. Investors should monitor volume dynamics and RSI for confirmation of the next directional move.