Market Overview for Trust Wallet Token (TWTUSDT)

• Trust Wallet Token (TWTUSDT) rallied from 0.8209 to 0.8690 in 24 hours, driven by strong volume in the 05:00–07:00 ET window.
• A bullish breakout above 0.8500 was confirmed with sustained volume, suggesting momentum is intact.
• RSI surged into overbought territory, signaling potential pullback risks despite the upward trend.
• Bollinger Bands widened significantly, reflecting heightened volatility during the late-night buying wave.
• A key 15-minute bullish engulfing pattern emerged at 05:15 ET, coinciding with the high-volume breakout.

Trust Wallet Token (TWTUSDT) opened at 0.8209 on 2025-07-17 12:00 ET and closed at 0.8609 on 2025-07-18 12:00 ET, reaching a high of 0.8690 and a low of 0.8117. Total volume for the 24-hour window was 1,038,445.0, and notional turnover amounted to approximately 858,871.50 USD (calculated from volume × price).

Structure & Formations

TWTUSDT exhibited a strong bullish bias over the 24-hour period, with key support levels forming around 0.8239–0.8263 and resistance at 0.8500–0.8690. A bullish engulfing pattern emerged at 05:15 ET, confirming the breakout above 0.8500. A large doji near 0.8625 at 11:45 ET suggests a potential pause in upward momentum.

Moving Averages

On the 15-minute chart, the price closed above both the 20-period (0.8585) and 50-period (0.8562) moving averages, indicating short-term bullish bias. On the daily chart, the 50-period and 100-period moving averages are expected to align closely with the 200-period, suggesting a continuation of the broader uptrend.

MACD & RSI

The MACD crossed into positive territory with a strong histogram surge after 04:00 ET, confirming bullish momentum. RSI reached overbought levels (above 75) by 06:00 ET, suggesting the risk of a short-term pullback. A bearish divergence is not yet evident, but traders should monitor for signs of a reversal.

Bollinger Bands

Bollinger Bands expanded significantly during the late-night buying wave, with price reaching the upper band at 0.8690. The widening bands reflect increased volatility and heightened risk of a consolidation phase or a sharp pullback in the near term.

Volume & Turnover

Volume spiked above 50,000 during the 05:15–06:15 ET window, coinciding with the key breakout above 0.8500. Notional turnover mirrored the volume increase, suggesting strong conviction in the upward move. A divergence between price and volume was not observed, indicating continued alignment of buyers and sellers.

Fibonacci Retracements

On the 15-minute chart, the 0.8500–0.8690 swing saw price retest the 61.8% Fibonacci level at 0.8609, where it stalled. On the daily chart, the 38.2% and 61.8% levels align with 0.8450 and 0.8650, respectively, which could offer near-term support and resistance.

TWTUS Token may consolidate near 0.8609–0.8625 in the next 24 hours, with a potential test of 0.8550 if buyers step in. A failure to hold above 0.8500 could trigger a short-term pullback. Investors should remain cautious as RSI overbought conditions and divergences may lead to increased volatility.