Market Overview for Trust Wallet Token/Tether USDt (TWTUSDT)

• Price drifted down early before forming a bullish rebound, closing near 0.7244.
• Volume spiked during key resistance breaks, confirming buyer interest around 0.725–0.726.
• RSI and MACD showed bearish divergence earlier but reversed with a late bullish momentum twist.
• Volatility expanded after 19:00 ET with strong moves above 0.726 and 0.7273, suggesting renewed bullish intent.
• The 0.723–0.725 area appears to be consolidating as a short-term key support zone.

Trust Wallet Token/Tether USDt (TWTUSDT) opened at 0.7231 on 2025-09-05 at 12:00 ET and reached a high of 0.728 and a low of 0.7201 over the 24-hour window, closing at 0.7244 at 12:00 ET. Total volume traded was approximately 87,993.0, with a notional turnover of 63,463.86 USD.

Structure & Formations

Price action displayed a bearish drift early in the session, testing the 0.722–0.723 support zone. A bullish reversal formed after 19:00 ET, with a strong bullish engulfing pattern emerging around 19:30–19:45 ET. The price then tested the 0.726–0.727 level and pulled back, forming a potential bullish pennant. A key 0.7244–0.7256 consolidation suggests a likely pivot for the next 24 hours. A bearish doji appeared briefly at 04:15–04:30 ET, hinting at short-term indecision.

Moving Averages

On the 15-minute chart, price closed above the 50-period MA, indicating short-term bullish momentum. The 20-period MA crossed above the 50-period at the end of the session, forming a bullish crossover. On the daily chart, price remains above the 50 and 100-period MAs but below the 200-period, suggesting a mixed bias depending on the time horizon.

MACD & RSI

MACD turned bullish in the last four hours, with a positive histogram developing as buying pressure intensified. RSI recovered from a brief oversold reading of 30 to settle near 55, showing improving momentum. There were minor bearish divergences in the first half of the day but these were erased by the final bullish push.

Bollinger Bands

Volatility expanded significantly from 19:00 to 04:00 ET, with price moving between the upper and middle bands. The 0.726–0.727 level hit the upper band briefly before retracting. Currently, price is near the middle band, suggesting a potential resumption of directional movement in either direction depending on volume and order flow.

Volume & Turnover

Volume surged during the 19:00–21:00 ET session with large candle bodies forming above 0.726, indicating a strong push by buyers. Turnover also spiked during this period, confirming the bullish breakout. Divergence appeared in the early morning session, with price rising while volume fell, signaling a possible consolidation phase.

Fibonacci Retracements

Key Fibonacci levels from the recent 0.7201–0.728 swing show 0.725 at the 38.2% retracement and 0.727 at the 50% level. The 61.8% retracement at 0.7277 could act as a resistance if momentum remains bullish. In the short term, 0.7244–0.725 represents a critical support zone.

Backtest Hypothesis

A potential backtesting strategy could focus on the 19:00–21:00 ET breakout above 0.726 and the subsequent bullish continuation. A buy signal might be triggered on a close above the 0.7261 high with a stop loss below 0.7244. A sell signal could be generated on a close below 0.7244, with a target at 0.7221. This hypothesis aligns with the bullish engulfing pattern and the strong volume confirmation observed in the final hours of the session.