Market Overview for Trust Wallet Token (TWTUSDT)

• Price rose from $0.7928 to $0.7991 in 24 hours, with a notable breakout above $0.7960.
• Volume surged 95,487 contracts, but turnover lagged, suggesting retail-heavy participation.
• RSI hit 62 by 16:00 ET, hinting at moderate bullish momentum without overbought conditions.
• Bollinger Bands widened after 05:00 ET, signaling increased volatility and trend continuation potential.
• A bullish engulfing pattern formed at 00:45–01:00 ET, reinforcing short-term bullish bias.

24-Hour Price Movement and Volume

Trust Wallet Token (TWTUSDT) opened at $0.7928 on 2025-08-16 at 12:00 ET and closed at $0.7991 on 2025-08-17 at 12:00 ET. The 24-hour high reached $0.801, while the low was $0.7892. Total traded volume amounted to 95,487 contracts with a notional turnover of approximately $74,663. The price action showed a consistent uptrend through early morning hours, confirming a potential short-term bullish bias.

Structure & Key Levels

The price found early resistance at $0.7942 and $0.7960, both of which were successfully cleared. A bullish engulfing pattern formed at 01:00–01:15 ET, indicating strong buying pressure after a consolidation phase. A doji appeared at 02:15–02:30 ET, suggesting indecision after the sharp rally. Key support levels were seen at $0.7928 and $0.7903, with the latter holding briefly before the price rebounded.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages both trended upwards, confirming a bullish bias. The price closed above both, signaling a potential continuation of the uptrend. On the daily chart, the 50-period and 100-period moving averages appear to be converging around $0.793–0.795, suggesting a critical support cluster in case of a pullback. The MACD histogram turned positive after 02:00 ET, with the line crossing above the signal line, reinforcing the bullish momentum.

Relative Strength Index (RSI) and Bollinger Bands

The RSI rose from 55 at 16:00 ET to 62 by 16:00 ET on 2025-08-17, showing moderate strength without reaching overbought territory. Bollinger Bands began to widen after 05:00 ET, aligning with the breakout above $0.7960. The price remained above the middle band, and the upper band reached as high as $0.802, indicating a period of rising volatility and strong directional movement.

Volume and Turnover Insights

Volume spiked at $0.7972–0.7983 during the 09:00–10:45 ET window, with one hour alone accounting for ~20,540 contracts. However, turnover remained relatively flat compared to the volume increase, suggesting possible retail or small-cap buying rather than institutional flows. A divergence appeared near $0.7985, where volume dipped but price remained elevated, indicating some exhaustion.

Fibonacci Retracements and Key Levels

Fibonacci retracement levels from the $0.7892–0.801 swing suggest critical levels at $0.7945 (38.2%) and $0.7922 (61.8%). The price briefly tested both during the consolidation phase but rejected at $0.7928, suggesting short-term support. On the daily chart, a larger swing from $0.7888–0.7965 indicates a key retest level at $0.7924 (38.2%), which could offer another entry point for bears.

Looking ahead, TWTUSDT appears to have strong directional momentum, with potential to test $0.801–0.803 if the bullish trend continues. However, a pullback to $0.7928–0.7932 could test conviction in the uptrend. Investors should remain cautious of a potential bearish divergence in volume or an RSI reversal toward overbought levels, which may signal a short-term correction.