Market Overview for Trust Wallet Token/Tether (TWTUSDT)

Summary
• Price broke key resistance at 0.9183, forming a bullish engulfing pattern.
• RSI suggests moderate momentum with no overbought or oversold signals.
• Bollinger Bands show increased volatility with price near the upper band.
• Turnover surged during the 02:00–03:00 ET window despite sideways price action.
• 50-period MA on 5-min chart crossed above price, signaling potential short-term strength.

Trust Wallet Token/Tether (TWTUSDT) opened at 0.9148 on 2026-01-07 12:00 ET, reached a high of 0.9207, and closed at 0.9112 by 2026-01-08 12:00 ET, with a low of 0.9060. Total volume for the 24-hour window was 433,293, and notional turnover was $383,690.

Structure & Formations

Price formed a bullish engulfing pattern around 0.9183 during the 17:30–18:00 ET window, suggesting short-term buying pressure. Key support levels were identified at 0.9114, 0.9101, and 0.9083, with resistance at 0.9184 and 0.9193. A doji formed near 0.9145, indicating indecision.

Moving Averages

On the 5-minute chart, the 50-period MA crossed above price during the 02:00–02:15 ET window, signaling short-term bullish momentum. The daily chart shows the price above the 50-period and 200-period MAs, suggesting a neutral to slightly bullish bias.

MACD & RSI

MACD remained in positive territory for much of the session, with a narrowing histogram indicating flagging momentum. RSI fluctuated between 40 and 60, with no clear overbought or oversold readings, suggesting a balanced market.

Bollinger Bands

Bollinger Bands widened during the early morning hours, reflecting increased volatility. Price spent time near the upper band between 02:00–03:00 ET, suggesting strength in the 0.92 range.

Volume & Turnover

Volume spiked to 21,397 at 03:45 ET, coinciding with a sharp drop from 0.9111 to 0.9071. Turnover also increased significantly during this period despite muted price movement, indicating a potential shift in market sentiment.

Fibonacci Retracements

Fibonacci retracements showed the 61.8% level at around 0.9162, which held as resistance before price moved lower. The 38.2% retracement level at 0.9126 briefly acted as support during the 22:45–23:00 ET window.

Looking ahead, the 0.9120–0.9140 zone appears key for near-term direction, with a break above 0.9190 likely to reinvigorate bullish sentiment. Traders should watch for volume divergence and RSI exhaustion near 70 as possible reversal indicators.