Market Overview: Trust Wallet Token (TWTUSDT) 24-Hour Analysis

• Trust Wallet Token (TWTUSDT) broke above key resistance near $0.7800 in early trading before consolidating midday.
• A bullish breakout and flag formation suggests momentum may continue but faces near-term resistance at $0.7935.
• RSI climbed into overbought territory while volume remained elevated, suggesting potential pullback risk ahead.
• Volatility expanded midday, with price reaching a 24-hour high of $0.7945 before settling back into a tightening range.
• On-balance volume and price action suggest strong buying pressure, but divergence in later hours hints at caution.

Trust Wallet Token (TWTUSDT) opened at $0.7614 on 2025-08-15 at 12:00 ET, reaching a high of $0.7945 and a low of $0.7519 before closing at $0.7925 on 2025-08-16 at 12:00 ET. Total volume was 638,580.00, and notional turnover reached $494,307.03 for the 24-hour period.

Structure & Formations

The price of TWTUSDT developed a bullish flag pattern after breaking above the key psychological level of $0.7800, supported by a well-defined ascending trendline. A strong bullish engulfing pattern appeared at the $0.7760–$0.7780 range, confirming a shift in sentiment. Late-day consolidation shows the price may be testing the $0.7925–$0.7935 range, which appears to be a new area of resistance. A doji at $0.7925 signals short-term indecision, suggesting a potential pullback or consolidation before a breakout.

Moving Averages

On the 15-minute chart, the price has consistently traded above the 50-period moving average, with a 20-period MA acting as a dynamic support. Longer-term, the 200-period MA sits at approximately $0.7640, suggesting that the recent rally is still in an early phase. The 50-period MA has crossed above the 100-period MA, indicating a potential continuation of the upward trend.

MACD & RSI

The MACD line has been positive for much of the 24-hour period, with a recent flattening suggesting waning momentum. The RSI reached overbought territory above 70 but has since pulled back slightly. This overbought condition, combined with a lack of new volume spikes, may indicate a near-term correction is likely. The divergence between price and RSI in the late hours of trading could signal a shift in market balance.

Bollinger Bands

Volatility expanded sharply after the price broke above $0.7800, with the upper band reaching $0.7945. Price has since retracted into a narrower band, now trading near the midline, suggesting it may be preparing for another move. A move beyond the upper Bollinger band would confirm a new bullish phase, while a drop below the midline could trigger a retracement toward key support.

Volume & Turnover

Trading volume was significantly higher during the early morning and late afternoon hours, coinciding with key price moves. A notable divergence appears in the late hours, where price continued to rise but volume declined. This may indicate waning conviction. Notional turnover rose sharply in the early breakout but has since moderated, suggesting that retail buyers are stepping in while institutional activity has slowed.

Fibonacci Retracements

Recent 15-minute swings have retraced to key levels such as 61.8% at $0.7860 and 78.6% at $0.7935, both of which have served as either support or resistance. On the daily chart, a 38.2% retracement at $0.7700 has held as a short-term support. These levels may guide the next phase of price movement, depending on volume and momentum.

TWTUSDT appears to be consolidating gains after a strong breakout, but signs of exhaustion and overbought conditions suggest caution ahead. A break above $0.7935 could extend the upward trend, while a drop below $0.7800 may trigger a pullback. Investors should monitor the next 24 hours for a definitive breakout or breakdown, with risk management a key priority.