Trust Wallet Token/Tether Market Overview

• Price dropped 3.8% over 24 hours, closing near intraday support.
• RSI entered oversold territory, suggesting potential near-term bounce.
• Volatility expanded, with Bollinger Bands widening during sharp selloff.
• Volume spiked during the 05:30–06:00 ET rally but failed to confirm higher prices.
• A bearish engulfing pattern formed during the 06:00–06:15 ET session, signaling ongoing bearish momentum.

Trust Wallet Token/Tether (TWTUSDT) opened at $0.8134 on 2025-09-13 12:00 ET and closed at $0.8134 on 2025-09-14 12:00 ET. The pair reached a high of $0.8278 and a low of $0.8002 during the period. Total traded volume was 1,606,956.0 units, with a notional turnover of approximately $1,301,830.49.

Structure & Formations

Key support levels emerged around the $0.8050–0.8070 zone, tested multiple times during the selloff, while resistance held near $0.8190 and $0.8250. A bearish engulfing pattern formed on the 06:00–06:15 ET candle, suggesting bearish conviction. A doji appeared around the 00:00–00:15 ET period, hinting at indecision. The price tested the $0.8250 level briefly before reversing lower, indicating it could serve as a psychological ceiling in the near term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs crossed bearishly during the early morning hours, reinforcing the bearish bias. On the daily chart, the 50-period MA remains above the 200-period MA, indicating medium-term strength but with short-term bearish pressure. Price remains below the 50-period daily MA, suggesting a continuation of the recent bearish trend unless a strong reversal occurs.

MACD & RSI

The MACD remained bearish throughout the 24-hour period, with the histogram contracting and the line crossing below the signal line. RSI entered oversold territory at 30.3, signaling a potential bounce. However, RSI has not shown a strong bullish divergence, and the bearish momentum remains intact. Over the next 24 hours, a move above 50 on RSI could signal a short-term rally.

Bollinger Bands

Bollinger Bands expanded significantly during the price drop, with the lowest close hitting the lower band at $0.8002. The last hour saw a pullback into the middle band, which may act as a temporary support zone. A breakout above the upper band of $0.8300 would indicate a sharp reversal, but the likelihood is currently low.

Volume & Turnover

Volume spiked during key price moves, most notably during the 05:30–06:00 ET rebound, but failed to confirm higher prices, indicating weak buying interest. Overall, volume and turnover moved in line with price, with no divergence observed. The largest turnover occurred during the 11:45–12:00 ET selloff, where $41,000 was traded, marking a high-pressure bearish phase.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.8002 to $0.8278, the $0.8134 close aligned with the 61.8% retracement level. On a broader scale, the daily swing from $0.8002 to a prior high near $0.8500 has seen the price now sitting at the 38.2% retracement level, which could offer potential for a short-term bounce or a test of the 50% level at $0.8250.

Backtest Hypothesis

A potential backtesting strategy for TWTUSDT could involve a mean-reversion approach triggered by RSI entering oversold territory (<30) and a bullish crossover in the MACD histogram, combined with a closing price above the 20-period SMA. Given the observed 15-minute data, this strategy would have generated a short-term trade at 00:15–00:30 ET when RSI bottomed at 30.3 and the MACD showed a slight improvement. The target would be the 61.8% retracement at $0.8174 with a stop-loss near $0.8100. While the strategy shows potential in controlled conditions, it must be evaluated against longer-term bearish trends and volatility spikes.