📈 TWT/USDT is up +0.84% today, breaking above recent resistance around 0.7231–0.7292. Let’s break down why.
🔍 Key Drivers Behind the Pump:
1️⃣ Market Sentiment Shift
Broader crypto momentum is lifting mid-cap altcoins.
TWT is benefiting from Trust Wallet’s growing adoption as a non-custodial wallet, especially with rising DeFi and cross-chain activity.
2️⃣ Technical Breakout
Daily close above 0.7292 suggests bullish momentum.
Price is trading above MA(7) at 0.6940 and MA(25) at 0.6895, indicating short-term strength.
However, MA(99) at 0.8156 remains a key resistance overhead.
3️⃣ Volume Support
Volume in USDT terms is notable (671K+), showing real buying interest.
Increased trading activity often precedes sustained moves.
4️⃣ Low Timeframe Momentum
On the 4H chart, TWT has respected 0.7162 as support and pushed toward 0.7368 high.
The range expansion (0.6948% daily range) signals volatility and trader interest.
📊 Critical Levels to Watch:
Immediate Support: 0.7162 (today’s low)
Next Support: 0.6940 (MA7)
Resistance: 0.7368 (today’s high) → 0.8156 (MA99)
Breakout Confirmation: A close above 0.7368 could target 0.78–0.80.
⚠️ Caution for Traders:
TWT is still below the MA(99), indicating it’s in a recovery phase, not a full bull trend.
If Bitcoin corrects, TWT could pull back toward 0.69–0.70.
Always use stop-losses (e.g., below 0.7162 for shorts, below 0.6940 for longer holds).
🧠 Final Take:
TWT’s pump is driven by technical momentum + positive wallet-sector sentiment. If it holds above 0.7292, next target is 0.8156. Watch BTC dominance and overall market mood for direction.
Let me know your targets and if you’re riding this pump! 🚀
