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

• Price declined sharply post 19:45 ET as TWTUSDT broke below key support at 0.785, confirming bearish momentum.
• High volatility and volume surges point to a distribution phase around 0.79–0.80, with potential for further consolidation lower.
• RSI and MACD show bearish divergence and overbought reversal, signaling caution ahead for short-term buyers.
• Bollinger Bands tightened during consolidation near 0.78, then expanded during the sell-off—classic volatility expansion in a downtrend.
• Fibonacci retracement at 0.774–0.776 appears to be the next likely support target for TWTUSDT, if the 0.785 level fails to hold.

Trust Wallet Token (TWTUSDT) opened at 0.786 on 2025-08-24 at 12:00 ET and closed at 0.7605 on 2025-08-25 at 12:00 ET, with a high of 0.801 and a low of 0.7612 during the 24-hour window. Total volume traded was 1,163,891 contracts, and notional turnover came in at 719.10 USD.

Structure & Formations

Price action formed a distinct bearish continuation pattern, including a strong dark cloud cover formation during the 19:30–19:45 ET session. A key support level at 0.785 was broken with confirmation at 0.7791 and 0.7763. The 0.774–0.776 zone now appears as the next critical support cluster. On the daily chart, 0.79 and 0.776 appear as major swing points, suggesting a 0.79–0.776 consolidation range ahead.

Moving Averages

On the 15-minute chart, price fell below the 20 and 50-period moving averages, forming a bearish crossover. The 50-period MA now sits around 0.781–0.783. On the daily chart, price remains below the 50, 100, and 200-period MAs, reinforcing the bearish trend.

MACD & RSI

MACD turned negative sharply after 19:45 ET with bearish divergence, while RSI dipped below 40, entering oversold territory. A potential bounce may occur, but without a strong MACD crossover or RSI rebound above 40, further bearish movement is likely.

Bollinger Bands

Bollinger Bands tightened during consolidation at 0.78–0.782, followed by a violent sell-off breaking the lower band at 0.776. Volatility is now elevated, suggesting an increase in market uncertainty and potential range expansion.

Volume & Turnover

Volume spiked sharply at 19:45 ET and again at 00:45 ET, coinciding with key breakdowns below critical support. Turnover also increased during these periods, reinforcing the validity of the price moves. Divergence between volume and price is minimal, suggesting strong conviction among sellers.

Fibonacci Retracements

The 0.801–0.7612 move shows 61.8% retracement at 0.774, with 50% at 0.7815 and 38.2% at 0.788. The 61.8% level is currently being tested as TWTUSDT approaches 0.775–0.776. A break below could extend the correction to 0.768, which is the 78.6% level of the prior swing.

Price could test support at 0.774–0.776 in the next 24 hours, with a risk of a breakdown to 0.768 if sellers remain aggressive. Buyers may try to defend the 0.776–0.78 zone, but bearish momentum appears dominant at this stage.