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

• Price for TWTUSDT edged higher with bullish consolidation after a strong break above key resistance.
• Strong volume accumulation confirms buying pressure in afternoon trading.
• RSI suggests moderate momentum, with no overbought signals yet.
• Volatility expanded during 14:00–16:00 ET as price approached new highs.

At 12:00 ET on 2025-09-10, TWTUSDT opened at 0.727 and closed at 0.7486, reaching a high of 0.7574 and a low of 0.7262. Total volume across the 24-hour period was 1,266,058.0 and turnover was calculated as approximately $937,865.00. The pair showed strong accumulation in the afternoon hours, suggesting potential bullish continuation.

Structure & Formations

The 15-minute chart revealed a strong breakout above 0.7317, followed by a consolidation phase between 0.736–0.738, forming a bullish flag pattern. A key resistance level at 0.7344 was confirmed with a bullish engulfing pattern at 22:45 ET. A doji at 02:15 ET indicated indecision, but the price soon reversed higher. A strong bearish rejection at 08:30 ET failed to push prices below 0.738, reinforcing 0.736–0.738 as a critical support zone.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both above 0.735, aligning with the current trend. The 50-period MA crossed the 20-period MA earlier in the day, forming a golden cross. On the daily chart, the 50-period MA is near 0.729, with the 200-period MA at 0.724, suggesting medium-term bullish momentum if the price stays above the 50-period level.

MACD & RSI

The MACD histogram turned positive around 15:00 ET, with the line crossing above the signal line, indicating rising bullish momentum. The RSI reached 58 by the end of the day, reflecting moderate buying pressure without entering overbought territory. RSI also showed a healthy divergence with price at 08:30 ET, where the price declined while RSI held up, suggesting strong underlying support.

Bollinger Bands

Volatility expanded significantly between 14:00–16:00 ET as the price moved from near the lower band to closing just below the upper band. This widening indicates strong directional movement and potential for a breakout. The price has remained above the 20-period moving average within the bands, signaling continued bullish bias.

Volume & Turnover

Volume surged in the afternoon, with a peak of 243,333 units at 16:00 ET when the pair closed near its 24-hour high. The volume profile shows a clear divergence with price at 08:30 ET — lower volume on a downward candle — reinforcing a bullish setup. Turnover mirrored volume patterns, confirming accumulation pressure rather than distribution.

Fibonacci Retracements

Applying Fibonacci retracements to the key 15-minute swing (0.7262 to 0.7574), the 0.618 level lies at 0.7457, which was tested and rejected at 15:45 ET. A strong bounce followed, leading to a test of the 0.7486 level (38.2% retracement from a smaller countertrend move). If this level holds, the next target could be 0.7516 (61.8% of a minor upward thrust).

Backtest Hypothesis

A backtest strategy could exploit the bullish flag pattern and strong RSI divergence by entering a long position at 0.736 with a stop loss below 0.732. A first target could be 0.7457 (61.8% Fibonacci retracement) and a second target at 0.7516. The MACD crossover and volume confirmation at 15:00 ET support this setup, indicating a high-probability trade on a continuation of the current trend.