In this Trust Wallet technical analysis, we will examine the current price action, trading volume, key levels and indicators for TWT-USDT. Trust Wallet, also known as TWT, is a decentralized cryptocurrency that utilizes blockchain technology to facilitate secure and efficient transactions. With its fast transaction times and low fees, Trust Wallet has gained popularity among users looking for an alternative to traditional payment methods. Additionally, the platform’s focus on security and privacy makes it an attractive option for those who value their online anonymity.
Trust Wallet Price Overview:
As of September 22, 2023, Trust Wallet is trading at approximately 0.7842 USDT. Let’s dive into the detailed price action for TWT-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.7891 |
| High (H) | 0.7948 |
| Low (L) | 0.7815 |
| Close (C) | 0.7842 |
| Volume (C) | 423,927.00 |
- Open (O): The opening price for today’s trading session was approximately 0.7891 USDT.
- High (H): Trust Wallet reached a daily high of around 0.7948 USDT.
- Low (L): The daily low for TWT-USDT was approximately 0.7815 USDT.
- Close (C): At the time of analysis, Trust Wallet is trading near its daily close of 0.7842 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.66% |
| 3D Change (%) | -2.79% |
| 7D Change (%) | -2.43% |
| 30D Change (%) | -8.56% |
| 90D Change (%) | -14.64% |
| YTD Change (%) | -44.81% |
Over the past three days, TWTUSDT has dropped by approximately -2.79%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -2.43%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with TWTUSDT maintaining a downward trend of approximately -8.56%, despite intermittent fluctuations. Examining the last 90 days, TWTUSDT has witnessed substantial decline of approximately -14.64%, reflecting strong long-term confidence. Year-to-date, TWTUSDT has steadily decreased by around -44.81%, 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-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 0.37332.
- Momentum score is -0.08559.
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 423,927.00 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 low zone, around 43.31954. This suggests that Trust Wallet is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Trust Wallet (TWT-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward 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.
