$TWT 📊 Technical Analysis: TWT/USDT on Binance
Trust Wallet Token (TWT) is currently trading at $1.3363, reflecting a -1.47% decline in the last 24 hours. Below is a detailed analysis and potential targets based on current market trends:
Market Overview
🔹 24h High: $1.4289
🔹 24h Low: $1.3218
🔹 24h Volume (TWT): 2.84M (~$3.91M)
🔹 Current Support: $1.3218
🔹 Resistance Levels: $1.3829, $1.4289
Technical Indicators
📌 SAR (Stop and Reverse):
Current SAR level at $1.3829 indicates bearish momentum. A break above this level could initiate a bullish reversal.
📌 MACD (Moving Average Convergence Divergence):
Currently bearish but showing signs of convergence. Watch for a crossover above the signal line to confirm bullish sentiment.
📌 Bollinger Bands:
TWT is near the lower band, indicating low volatility and possible trend continuation or reversal.
📌 EMA/MA (Exponential & Moving Averages):
TWT is trading below key moving averages, suggesting short-term bearish sentiment.
🎯 Price Targets
1️⃣ Target 1: $1.3829
A short-term resistance level based on SAR. Breaking this would be the first bullish confirmation.
2️⃣ Target 2: $1.4289
The 24h high and a key resistance level. A breakout here could trigger stronger upward movement.
3️⃣ Target 3: $1.4800
Medium-term target if TWT gains bullish momentum, supported by increased trading volume.
Trading Strategy
Bullish Setup:
Monitor a breakout above $1.3829 with increased volume. Use $1.4289 as the next short-term target.
Bearish Setup:
If TWT falls below $1.3218, further downside is possible toward $1.3000 or $1.2962.
✅Conclusion:
TWT is consolidating near its 24h low at $1.3218, with potential for recovery if resistance at $1.3829 is breached. Monitor volume and MACD for momentum confirmation before entering trades.
Always trade responsibly and use proper risk management!
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