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*TWT 4H Chart: Trust Wallet Token Breaks Downtrend, $0.4505 Flip Key For $0.53 Target*
TWT is trading at $0.4505, up 1.26% on the 4H chart. Price just broke above the yellow descending trendline from May 13 high. That’s the first bullish signal after 2 weeks of lower highs.
*What The Chart Shows:*
*1. Trendline Break = Structure Shift*
The yellow line connected every lower high from $0.53 → $0.48 → $0.46. TWT just tagged it at $0.4505 and is holding above. A 4H candle close above this line flips structure from bearish to bullish. Until then it’s just a fakeout zone.
*2. Support Flip At $0.4388*
The orange line at $0.4388 was resistance during the dump. Price bounced from $0.4157 demand, reclaimed $0.4388, and now it’s acting as support. If buyers defend this level, the trendline break gets confirmed. Lose it and we retest $0.4157 again.
*3. Next Targets If Breakout Holds*
- *Immediate resistance*: $0.4600 psychological level
- *Main target*: $0.4800-$0.4900 zone where sellers stepped in May 22-24
- *Breakout confirmation*: Daily close above $0.5000 + retest of yellow line
- *Bullish projection*: Back to May 13 high at $0.5300 if $0.48 flips
*Pro Insight: Volume Needed*
Trendline breaks fail 70% of time without volume. Watch 4H candle bodies. Small green doji above line = weak. Big bullish candle closing above $0.4550 = real breakout. Also watch if $0.4388 holds as support on retest.
*Outlook:*
Bias turns bullish on 4H close above $0.4550 + $0.4388 support hold. Rejection at yellow line sends TWT back to $0.4157. The $0.4157-$0.4388 zone is now the line in sand for bulls. Above it = range high at $0.53. Below it = lower lows.
_Note:
Trendlines are guides, not guarantees. Wait for candle close confirmation. This is analysis, not financial advice._
*TWT 4H Chart: Trust Wallet Token Breaks Downtrend, $0.4505 Flip Key For $0.53 Target*
TWT is trading at $0.4505, up 1.26% on the 4H chart. Price just broke above the yellow descending trendline from May 13 high. That’s the first bullish signal after 2 weeks of lower highs.
*What The Chart Shows:*
*1. Trendline Break = Structure Shift*
The yellow line connected every lower high from $0.53 → $0.48 → $0.46. TWT just tagged it at $0.4505 and is holding above. A 4H candle close above this line flips structure from bearish to bullish. Until then it’s just a fakeout zone.
*2. Support Flip At $0.4388*
The orange line at $0.4388 was resistance during the dump. Price bounced from $0.4157 demand, reclaimed $0.4388, and now it’s acting as support. If buyers defend this level, the trendline break gets confirmed. Lose it and we retest $0.4157 again.
*3. Next Targets If Breakout Holds*
- *Immediate resistance*: $0.4600 psychological level
- *Main target*: $0.4800-$0.4900 zone where sellers stepped in May 22-24
- *Breakout confirmation*: Daily close above $0.5000 + retest of yellow line
- *Bullish projection*: Back to May 13 high at $0.5300 if $0.48 flips
*Pro Insight: Volume Needed*
Trendline breaks fail 70% of time without volume. Watch 4H candle bodies. Small green doji above line = weak. Big bullish candle closing above $0.4550 = real breakout. Also watch if $0.4388 holds as support on retest.
*Outlook:*
Bias turns bullish on 4H close above $0.4550 + $0.4388 support hold. Rejection at yellow line sends TWT back to $0.4157. The $0.4157-$0.4388 zone is now the line in sand for bulls. Above it = range high at $0.53. Below it = lower lows.
_Note:
Trendlines are guides, not guarantees. Wait for candle close confirmation. This is analysis, not financial advice._
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