Trust Wallet Token (TWT) Surges 1.0% in 24 Hours, Targets 66.31% Gain

Trust Wallet Token (TWT) has recently demonstrated significant strength, surpassing several technical challenges and attracting renewed attention from traders. As of July 20, 2025, TWT was priced at $0.8328, marking a 1.0% increase in the past 24 hours. This modest price movement belies a more substantial underlying trend, as pattern formations suggest that the token is poised for a significant upward move.

TWT has breached a long-term downward trendline and several resistance levels, indicating a long-term bullish movement. The projected move shows potential for a 66.31% gain, with the price targeting the $1.50 zone. Immediate support holds at $0.8164, while resistance at $0.8379 defines short-term market direction. With key downtrendline breached and prior resistance levels converted into support, the path to higher price targets appears technically supported. The nearest price target in view is the $1.50 level, a 66.31% rise from current levels.

TWT’s daily chart reveals a breakout above a long-standing descending resistance line that had capped upward moves since early Q1 2025. This break occurred near the $0.80 level and was followed by several strong bullish candles. The breakout was not only clean but also supported by a solid base formed in the $0.75–$0.77 range, suggesting solid accumulation. Notably, the price managed to hold above the newly established support at $0.8164, confirming the strength of the move.

The next significant obstacle has become the resistance level at 0.8379. Nonetheless, the odds of retesting higher areas are high considering the direction and recent increases in volumes. If this level is cleared decisively, momentum could accelerate toward the projected target. From a structural standpoint, the breakout pattern reflects a classic bullish continuation, reinforced by a projected price gain of 66.31%. The calculated move places the target near $1.37 to $1.50, based on the vertical measurement from the breakout base to projected resistance. The rally would reflect a $0.5364 increase in value. The chart shows a sharp upward arrow pointing toward this region, suggesting that traders are watching for a measured move completion.

Importantly, price action remains above both the former resistance and the breakout trendline, indicating market acceptance of the higher price zone. With the daily close maintaining strength, buyers continue to exert control. The immediate support of TWT is at 0.8164, which serves as a landmark to traders who are tracking a possible downswing. In the meantime, within the short term, the level of 0.8379 will be a point of resistance and is also a touch higher compared to the price of the market. These levels now become key in determining the next directional move of the token. Should the asset maintain its position above support, further continuation toward the $1.00 psychological mark becomes increasingly plausible.

In the short term, price consolidation or a retest of broken resistance zones may precede another upward push. Traders now monitor whether TWT can sustain above these levels or retrace to test demand. The momentum behind TWT's price breakout is reminiscent of previous market movements, such as the breakout of DOGE in Q3 2024, which was followed by a massive price spike. The Stochastic RSI, a technical indicator, suggests that the momentum is catching up, further supporting the bullish outlook for TWT. This technical analysis aligns with the overall market sentiment, where investors are increasingly optimistic about the potential for further price appreciation.

The falling of key resistance levels has been a significant factor in TWT's price breakout. As resistance levels are overcome, the path to higher price targets becomes clearer. This is evident in the price action of TWT, which has surged past previous resistance levels, paving the way for the $1.50 target. The market's response to these developments indicates a strong demand for TWT, driven by both technical and fundamental factors. The building momentum in the market is another key factor contributing to TWT's price breakout. Momentum is a measure of the rate of acceleration of a security's price or volume. As momentum builds, it can lead to a self-reinforcing cycle, where rising prices attract more buyers, further driving up the price. This dynamic is evident in TWT's recent price action, where the building momentum has led to a sustained upward trend.

The price breakout of TWT at $1.50 is a significant development in the cryptocurrency market. It reflects the growing interest in digital assets and the potential for further price appreciation. As the market continues to evolve, investors will be closely watching TWT's price action, looking for further signs of momentum and potential resistance levels. The building momentum and falling resistance levels suggest that TWT is poised for further gains, making it an attractive investment opportunity for those looking to capitalize on the cryptocurrency market's potential.