TWT Price Analysis: Trust Wallet Token building up trust amongst the investors 

•TWT/USD is currently priced at $2.23 and has increased by 1.43% over the past day

•The trading volumes have decreased by 48.88% over the past day

•The technical indicators suggest a positive outlook for the near term

Short Term View: TWT continues to go about its merry way

Source: TWT/USD by TradingView

The Trust Wallet Token price today is $2.23 USD with a 24-hour trading volume of $199,613,946 USD. Trust Wallet Token is up 1.43% in the last 24 hours. The trading volumes have decreased over the past day whereas the Volume to Market Cap Ratio stands at 0.215 for the altcoin.

Trust Wallet Token has been on a steady uptrend in recent days and is currently gathering steam ahead of another potential rally. This has resulted in positive impact on the altcoin as the TWT Price is currently transacting above the 20,50 SMA on the four hour chart. The uptrend is likely to upset the bears big time as long as the support level placed at $2 remains elusive to them. The resistance, on the other hand, is placed at $2.50 for the altcoin which the bulls will need to make sure to conquer in the days ahead.

Long Term View for Trust Wallet Token

Source: TWT/USD by TradingView

TWT is brimming with positive sentiment as the bulls have taken full advantage of the precarious position of the bears, depicted aptly by the MACD and signal lines transacting in the positive territory. The green histograms further accentuate the bullish momentum at play in the market. The RSI is also pleasantly placed in the overbought territory as it currently stands placed at 73.22.

Conclusion

Trust Wallet Token is in an uptrend and shows no signs of slowing down anytime soon. The technical indicators validate the positive argument, with the bulls aiming to further their cause in the near term.

Support: $2.10-$2

Resistance: $2.40-$2.50

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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