TWT/USDT Price Analysis: Strong Bullish Momentum as Trust Wallet Token Breaks Higher
Trust Wallet Token (
$TWT ) is showing impressive bullish momentum on the 1-hour chart, currently trading near $0.5445 after gaining more than 22% in the last 24 hours. The price recently touched a local high around $0.5499, indicating strong buying pressure and renewed investor interest.
Technically, TWT has broken above its short-term moving averages (MA7 and MA25), with the price holding well above MA99, confirming a bullish trend reversal. The strong green candles and rising volume suggest that buyers are in control. The previous support near $0.44 acted as a solid base, and the market has now shifted into an upward structure with higher highs and higher lows.
If momentum continues,
$TWT could retest the $0.55 resistance zone and potentially move toward $0.58 in the short term. However, traders should watch for pullbacks toward $0.52 as a possible support area.
Overall, TWT remains bullish with strong short-term upside potential.
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