In this Trust Wallet technical analysis, we will examine the current price action, trading volume, key levels and indicators for TWT-BTC. Trust Wallet is a decentralized cryptocurrency that utilizes blockchain technology to provide secure and private transactions. With Trust Wallet, users can easily store, send, and receive their digital assets without the need for intermediaries. The platform also supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, among others.
Trust Wallet Price Overview:
As of September 22, 2023, Trust Wallet is trading at approximately 3e-05 BTC. Let’s dive into the detailed price action for TWT-BTC:
| Metric | Value |
|---|---|
| Open (O) | 3e-05 |
| High (H) | 3e-05 |
| Low (L) | 3e-05 |
| Close (C) | 3e-05 |
| Volume (C) | 23,019.00 |
- Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
- High (H): Trust Wallet reached a daily high of around 3e-05 BTC.
- Low (L): The daily low for TWT-BTC was approximately 3e-05 BTC.
- Close (C): At the time of analysis, Trust Wallet is trading near its daily close of 3e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.77% |
| 3D Change (%) | -0.57% |
| 7D Change (%) | -2.58% |
| 30D Change (%) | -9.02% |
| 90D Change (%) | -2.22% |
| YTD Change (%) | -65.69% |
Over the past three days, TWTBTC has fallen by approximately -0.57%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -2.58%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TWTBTC maintaining a downward trend of approximately -9.02%, despite intermittent fluctuations. Examining the last 90 days, TWTBTC has witnessed substantial fall of approximately -2.22%, reflecting strong long-term confidence. Year-to-date, TWTBTC has steadily dropped by around -65.69%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Trust Wallet Live Chart:
You can access a live price chart for TWT-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.45683.
- Momentum score is -0.09018.
TWT BTC Technical Analysis
Trust Wallet Trading Volume:
The trading volume for Trust Wallet (TWT) over the past 24 hours has been insignificant, with approximately 23,019.00 BTC traded against TWT. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): TWT is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Trust Wallet is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for TWT-BTC is currently in the neutral zone, around 45.52618. This suggests that Trust Wallet is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Trust Wallet (TWT-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.
