Market Overview for Trust Wallet Token/Tether (TWTUSDT)

Summary
• Price tested key support at 0.877–0.878 before rebounding, forming a bullish engulfing pattern.
• Momentum shifted with RSI rising from 30s to mid-40s, indicating easing bearish pressure.
• Volatility expanded as price moved from 0.878 to 0.9169 on increasing volume and turnover.
• 5-minute Bollinger Bands widened, aligning with heightened price swings.
• Fibonacci retracement levels at 0.883 and 0.886 acted as dynamic resistance during recovery.

Opening Observations

At 12:00 ET–1 on January 3, Trust Wallet Token/Tether (TWTUSDT) opened at 0.8799, reached a low of 0.874, and closed at 0.8965 on January 4 at 12:00 ET. The 24-hour total volume was 1,837,759.0, with notional turnover reaching $1,621,693.56, signaling a substantial increase in activity and price movement.

Structure and Candlestick Behavior

The 5-minute chart displayed a clear bearish breakdown into the 0.877–0.878 range, followed by a sharp reversal. A bullish engulfing pattern emerged around 20:30–21:00 ET on January 3, suggesting a potential turning point. Key support at 0.8775–0.878 was retested multiple times, reinforcing its significance.

Moving Averages and Momentum

On the 5-minute chart, price broke below the 20 and 50-period SMAs, confirming the short-term bearish momentum, but closed above both by the end of the 24-hour period. On the daily timeframe, the 50-period SMA is slightly above 0.885, offering a dynamic level to watch. RSI, which dipped below 30 during the morning, climbed into the mid-40s by the end of the session, suggesting waning bearish momentum.

Volatility and Bollinger Bands

Bollinger Bands on the 5-minute chart showed increasing volatility as price moved from 0.878 to 0.9169. By the end of the session, price had settled just inside the upper band, hinting at a continuation of the bullish trend if the channel holds.

Volume and Turnover Dynamics

Volume surged during the 17:00–19:00 ET window, particularly in the 5-minute candle ending at 18:30 ET, where volume reached 16,856 and turnover hit $14,841.88. These levels were matched or exceeded later in the 16:15–17:00 ET window as price pushed past 0.914. Notably, volume and turnover were in alignment with price, suggesting strong conviction in the upward move.

Fibonacci and Key Levels to Watch

On the 5-minute chart, price retraced to the 61.8% level at 0.883 and 0.886 before breaking through. Daily Fibonacci levels suggest the 0.889–0.890 range as a potential area for further consolidation or resistance. Investors should monitor whether this range holds as a key turning point.

In the next 24 hours, TWTUSDT may consolidate near the 0.896–0.897 range or retest the 0.9024 high if bullish momentum holds. However, a breakdown below 0.891–0.890 could signal renewed uncertainty and pull the price lower. Investors should remain cautious of the volatility and potential for rapid reversals during high-volume clusters.