In this technical analysis of Trust Wallet, we will delve into the current price action, trading volume, key levels, and indicators for TWT-USDT. Trust Wallet (TWT) is a decentralized cryptocurrency that prioritizes user privacy and security above all else. By employing advanced encryption techniques, it safeguards users’ transaction data and personal information from unauthorized access. With its fast and secure transactions, TWT offers an innovative solution for individuals seeking a reliable digital asset to meet their financial needs.
Trust Wallet Price Overview:
As of July 19, 2024, Trust Wallet is trading at approximately 1.0172 USDT. Let’s dive into the detailed price action for TWT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.0374 |
| High (H) | 1.0448 |
| Low (L) | 1.0131 |
| Close (C) | 1.0172 |
| Volume (C) | 486,214.00 |
- Open (O): The opening price for today’s trading session was approximately 1.0374 USDT.
- High (H): Trust Wallet reached a daily high of around 1.0448 USDT.
- Low (L): The daily low for TWT-USDT was approximately 1.0131 USDT.
- Close (C): At the time of analysis, Trust Wallet is trading near its daily close of 1.0172 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -1.91% |
| 3D Change (%) | -5.47% |
| 7D Change (%) | -0.85% |
| 30D Change (%) | 1.20% |
| 90D Change (%) | -10.63% |
| YTD Change (%) | -16.67% |
Over the past three days, TWTUSDT has experienced a significant decline of approximately -5.47%, indicating increased market volatility. This downward trend continued throughout the week, with a loss of around -0.85%, suggesting that investor interest has waned. A 30-day analysis provides a more comprehensive view, revealing an upward trend of approximately 1.20%, despite occasional fluctuations. Looking back at the last 90 days, TWTUSDT has witnessed a substantial decline of around -10.63%, reflecting a loss of long-term confidence. Year-to-date, TWTUSDT has steadily decreased by approximately -16.67%.
Trust Wallet Live Chart:
You can access a live price chart for TWT-USDT 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 0.68623.
- Momentum score is -0.02474.
TWT USDT Technical Analysis
Trust Wallet Trading Volume:
The trading volume for Trust Wallet (TWT) over the past 24 hours has been insignificant, with approximately 486,214.00 USDT 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-USDT is currently in the neutral zone, around 46.70832. This suggests that Trust Wallet is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Trust Wallet’s (TWT-USDT) short-term price action is currently displaying bearish tendencies, with key support and resistance levels drawing attention from traders and investors. It’s crucial to keep a close eye on the USDT monthly resistance level and the USDT support level for potential trading opportunities to emerge. Furthermore, the neutral RSI reading and lack of significant trading volume are indicative of a possible sideways movement.
Confirm Trust Wallet’s (TWTUSDT) bullish outlook at 1.02 USDT with technical analysis, emphasizing strong support and positive indicators.
Discover even more by checking out our comprehensive analysis on TWT BTC Trust Wallet Technical Analysis — a perfect follow-up if you enjoyed this post.
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.