$TWT /USDT Analysis
Trust Wallet Token (TWT) has displayed a significant technical move, completing the retest of a broken symmetrical triangle on the weekly chart. This classic pattern signals a potential for further upside if the retest holds.
Key Highlights
1. Bounce from Support:
TWT demonstrated a strong rebound from the support zone, affirming the bulls' control.
2. Bullish Continuation:
The successful retest of the breakout level strengthens the probability of a continued upward trajectory.
3. Targets to Watch:
Primary Target: $1.81
Extended Target: $2.60 by the end of Q1 2025
Momentum Drivers
Volume Surge: Increasing trading volumes support the bullish outlook.
Broader Market Sentiment: Positive sentiment in the crypto market could further fuel TWT's rally.
Risk Management
Stop Loss: Place at $1.22, just below key support.
Risk-to-Reward: Strong upside potential with defined risk limits.
Prepare for the ride ahead—TWT might be gearing up for explosive moves!