Date: Tue, Sept 17, 2024, 05:24 AM GMT
Trust Wallet Token (TWT), the native token of one of the most popular crypto wallet, has seen a sharp 17% decline in the past 24 hours, raising concerns among investors and users of the platform.
What Happened?
The sudden drop in TWT’s value seems to be linked to broader cryptocurrency market volatility rather than a specific negative event targeting the token itself. The market has been turbulent recently, with several altcoins experiencing similar downturns.
Source: Coinmarketcap
Trendline Rejection
A key factor in the decline is TWT’s failure to break out of a technical pattern known as a "falling wedge." The token was testing the downtrend resistance line at $0.9482 but got rejected, leading to a sharp 17% sell-off. This pattern is similar to what was seen with SEI, another cryptocurrency that dropped by 13% within last 12 hour.
Source: TradingView
What’s Next for TWT?
The drop pushed TWT down to a critical support level of $0.7316. However, the token has already shown signs of a slight recovery after hitting this support, offering hope to traders. If $TWT manages to hold this support, a potential rebound could be on the horizon. However, if the support breaks, the token might face another sharp drop.
Source: TradingView
The current Relative Strength Index (RSI) of TWT stands at 39.90, signaling that the token is approaching oversold territory. The RSI-based moving average is 21.08, suggesting there’s still room for volatility in the near term.
Investors are now keeping a close eye on TWT’s performance at the $0.7316 support level, as it could determine the token’s next big move.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky.
#TWT

Trust Wallet Token (TWT), the utility and governance token of Trust Wallet, is emerging as a potentially strong investment for 2025. Trust Wallet is a popular non-custodial wallet that allows users to securely store, send, and receive a wide range of cryptocurrencies. With the growing importance of self-custody in the crypto space, Trust Wallet and its native token are positioned for significant growth in the coming years. Here’s why TWT could be a solid investment opportunity.
Growing Demand for Self-Custody Solutions
As more users enter the cryptocurrency space, the need for secure and user-friendly wallets is increasing. Trust Wallet stands out as a non-custodial option, meaning users have full control over their private keys and funds. This trend toward self-custody has accelerated as more users become cautious about leaving their assets on centralized exchanges due to hacks, regulatory risks, or platform failures.
Trust Wallet’s ease of use, combined with its wide range of supported assets, makes it a go-to choice for both beginners and experienced users. The growth in decentralized finance (DeFi), non-fungible tokens (NFTs), and staking services, all of which Trust Wallet supports, is driving more people to seek out secure wallets, potentially boosting the demand for TWT.
Utility and Governance
TWT offers more than just speculative value. As the governance token of Trust Wallet, TWT holders can vote on key decisions regarding the wallet’s development and features. This includes proposing new integrations or improvements, giving users a direct say in how the platform evolves.
Beyond governance, TWT holders benefit from various in-app perks, such as discounts on DEX services and staking. These features provide real utility for Trust Wallet users, encouraging them to hold and use the token. As the wallet grows, these utilities could increase in value, driving up demand for TWT and strengthening its position as a solid investment.
Integration with Binance and Growing Ecosystem
Trust Wallet’s integration with Binance has helped increase its visibility and functionality. Binance acquired Trust Wallet in 2018, and since then, the wallet has continued to expand its ecosystem. Trust Wallet supports a wide range of blockchains, including Ethereum, BNB Smart Chain, and others, allowing users to interact with decentralized applications (dApps), DeFi protocols, and NFT marketplaces.
The backing of Binance provides a layer of trust and legitimacy to the wallet, further boosting its adoption. As Binance continues to grow and integrate new features, Trust Wallet is likely to benefit from this, indirectly raising the value of TWT.
Security and Decentralization
Security is one of the primary concerns in the crypto space, and Trust Wallet’s non-custodial nature ensures users have full control over their assets. This feature has become increasingly important in light of recent exchange collapses and regulatory crackdowns. Trust Wallet’s decentralized approach aligns with the ethos of blockchain technology, making it a secure and attractive option for users who value privacy and control.
As security becomes a top priority for crypto holders, Trust Wallet is well-positioned to capitalize on this shift, with TWT potentially seeing increased demand as more users flock to secure, decentralized wallets.
Long-Term Growth Potential
Looking ahead to 2025, Trust Wallet Token has several factors working in its favor. The increasing adoption of DeFi, staking, and NFTs creates a strong foundation for Trust Wallet’s continued growth. As the crypto market expands and users demand secure, decentralized solutions for managing their assets, Trust Wallet’s utility and integration with the broader Binance ecosystem could drive more users to the platform, boosting TWT’s long-term value.
Additionally, as the crypto market matures and more people move towards decentralized finance, Trust Wallet’s role as a key infrastructure provider will likely become even more pronounced. This increased usage could make TWT an attractive investment for those looking for a token with both utility and growth potential.
What do you think about Trust Wallet Token’s future? Are you considering TWT as part of your investment strategy? Share your insights and strategies!
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