Market Overview for Trust Wallet Token/Tether (TWTUSDT)

Summary
• Price tested key resistance at $0.896 before retreating, showing bearish momentum.
• Volume surged during early recovery but faded, hinting at weakening buyer participation.
• RSI remains in oversold territory, suggesting potential for a near-term rebound.
• A 5-minute bearish engulfing pattern emerged at $0.877, reinforcing downward bias.
• Volatility expanded during the session, with Bollinger Bands widening as price swung between $0.873 and $0.897.

Trust Wallet Token/Tether (TWTUSDT) opened at $0.8849 on 2026-01-02 12:00 ET, reached a high of $0.8974, and closed at $0.8760 by 2026-01-03 12:00 ET, hitting a low of $0.8737. Total trading volume over 24 hours was 456,540, and notional turnover reached $396,500.

Structure & Formations

Price formed a bearish engulfing candle at $0.877, confirming a short-term reversal. A key resistance level appears to be forming at $0.896, with price failing to close above this area during three attempts. A descending triangle pattern has emerged on the 5-minute chart, suggesting a possible continuation lower.

Moving Averages

On the 5-minute chart, price is below both the 20-period and 50-period moving averages, indicating a bearish bias. The daily 50- and 100-period moving averages have begun to converge, potentially signaling a shift in longer-term trend dynamics.

Momentum Indicators

The 12-26 MACD line has turned negative and is below the signal line, reinforcing bearish momentum. RSI remains in oversold territory (~28), suggesting a potential rebound, though without strong volume, a reversal is uncertain.

Bollinger Bands

Volatility increased during the session, with Bollinger Bands expanding significantly as price moved between $0.873 and $0.897. Price closed near the lower band, a sign that bears remain in control unless there is a breakout.

Volume & Turnover

Volume spiked during the early afternoon (ET) as price attempted to reclaim $0.896, but it quickly faded as buyers lost conviction. Notional turnover followed a similar pattern, indicating divergence in strength and raising questions about the sustainability of any upward move.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the recent 5-minute rally is at $0.883, which price has now failed to hold. On the daily chart, the 38.2% level at $0.887 may act as support if buyers re-enter the market.

Looking ahead, the market may test the $0.873–$0.875 range as a new short-term floor. A close above $0.885 could reignite bullish sentiment, but this seems unlikely without a surge in volume and participation. Investors should watch for confirmation of a break below $0.873, which may open the door to further downward moves. As always, a sharp spike in volatility or news could upend current price dynamics.