Are you looking forward to buying Trust Wallet Token (TWT) and want to be assured with detailed price action analysis? Then, this price analysis is for you. TWT has seen some interesting price movement over the past day, especially with its strong breakout above a key resistance level. After a period of sideways swings, bulls have stepped back in and reclaimed control. The momentum looks promising, but the market is still testing its strength near the upper levels. Let’s take a closer look at what the price chart and indicators are revealing.
TWT Price Analysis of 10th May, 2025
The TWT price action over the last 24 hours shows a wide-ranging movement that began with high volatility and transitioned into structured trend phases. After the previous day’s bullish momentum, the price initially entered a choppy range between $0.8350 and $0.8550. From 06:00 UTC to 09:00 UTC, Trust Wallet Token surged to a high of $0.8611 before sharply pulling back to $0.8348, revealing short-term profit-taking and rejection near overbought RSI levels. MACD during this period printed a death cross around 08:45 UTC, aligning with the subsequent decline. RSI signaled an overbought condition just before this peak, reinforcing the short-term correction setup.
Chart 1- TWT/USDT M5 Chart, Analyzed by Alokkp0608, published on May 10th, 2025.
From 09:00 UTC to 18:00 UTC, the TWT price entered a large sideways path, oscillating between the $0.8350 support and $0.8550 resistance zones. Although several attempts were made to break the range, momentum remained mixed, and no decisive trend emerged. MACD showed alternating golden and death crosses but lacked strong follow-through, signaling indecision. RSI stayed mostly neutral during this stretch, with no significant dips or spikes. Buyers showed interest near the lower boundary, but broader conviction was missing until later in the day. This phase essentially acted as a reset for both momentum and structure before the next move.
TWT Breakout Fuels Short-Term Bullish Momentum
Between 18:00 UTC and 00:00 UTC, TWT transitioned from range-bound behavior into a structured uptrend. Price carved a shallow ascending channel, testing the resistance near $0.8550 multiple times. A confirmed breakout occurred at 23:45 UTC, which led to a sharp spike to $0.8740 within 35 minutes. This move coincided with an RSI overbought reading and a clear MACD golden cross, which reflected rising bullish momentum. The breakout invalidated the prior resistance and converted it into short-term support. The price behavior during this stretch highlighted strong buyer conviction, likely driven by intraday accumulation around $0.8500–$0.8550.
Following the TWT breakout peak at 00:20 UTC, the momentum cooled. From 00:00 UTC to 06:00 UTC, the price retraced below the newly formed support zone but did not break below $0.8500 for long. TWT quickly rebounded and reclaimed the $0.8550 level by around 05:00 UTC. During this cooling phase, RSI again reached overbought territory before slipping back, while MACD recorded a death cross followed by another golden cross, illustrating short-term volatility but with underlying bullish bias intact. This behavior shows that buyers remained active even during pullbacks, defending higher lows within the new trading zone.
TWT Consolidation Near Resistance After Breakout
In the final visible hour approaching 07:00 UTC, TWT traded mostly sideways just above the $0.8550 level, hovering around $0.8630. RSI was modestly elevated, signaling healthy consolidation rather than exhaustion. MACD turned positive again with another golden cross, indicating potential readiness for the next push higher. The consolidation appeared orderly, with no sharp selloffs or volume spikes. This phase may represent a base-building effort above the prior resistance, which now acts as support. Buyers are likely watching for a TWT breakout above $0.8700 to confirm further upside, while sellers may target $0.8500 as the breakdown threshold.
Momentum Builds as Bulls Defend Key Support Zone
TWT price is showing constructive bullish behavior, consolidating above prior resistance at $0.8550 after a breakout-led rally. Momentum remains moderately bullish with a potential for extension toward $0.8750–$0.8800, provided buyers maintain pressure. Immediate support lies between $0.8500 and $0.8550, while stronger support is at $0.8350. RSI has cooled from overbought levels, now suggesting room for further upside. MACD remains in bullish alignment with the latest golden cross, reinforcing a continuation scenario. While short-term volatility persists, the structure leans bullish as long as TWT stays above $0.8550 with increasing volume on upward pushes.
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