Trust Wallet Token Price Prediction: Is TWT on the Verge of a Breakout?

Updated: 04 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Trust Wallet Token (TWT) price is attempting a recovery rally, recording a 10% surge in just about a week.

In the last day, TWT is up almost 5% with the potential to soar higher. Momentum is rising, as indicated by the ascending Relative Strength Index (RSI).

Its position at 58 and edging north shows significantly robust price strength. Also, there is more room to cover north before hitting 70 where the “overbought” narrative would activate.

This thesis is supported by the overall appearance of the Awesome Oscillators (AO). The AO’s histogram bars have continually flashing green, all the while trying to flip into the positive zone. This adds credence to the bullish thesis.

Increased buying momentum could see Trust Wallet Token price shatter the resistance presented by the 50-day Exponential Moving Average (EMA) at $0.8126. A break and flip of this hurdle into a support floor would pave the way for TWT to escape from the foothold of the descending trendline.

Even past this foothold, two formidable roadblocks must be overcome before the Trust Wallet Token price can be considered to be in an uptrend. Meanwhile, it remains a recovery rally.

The two formidable roadblocks are the confluences between horizontal lines and the 100- and 200-day EMAs at $0.8623 and $0.9650 levels respectively. These supplier congestion levels represent areas of aggressive selling, meaning TWT could be rejected here. Traders taking long positions must therefore factor these in their targets.

Trust Wallet Price — TradingView: TWT/USDT 1-day chart

Converse case

On the flipside, a rejection from the descending trendline seems to have already been priced in. A subsequent repulsion from the 50-day EMA at $0.8126 could seal the fate of Trust Wallet Token price under the descending trendline. This could see TWT drop towards the support floor at $0.7308, representing a 10% fall below current levels.

Currently, it appears traders who bought Trust Wallet Token at around $0.7567 before the rally began are already booking profits. This threatens the upside momentum for TWT and could kickstart a rally south.

Meanwhile, the Trust Wallet ecosystem recently announced the integration of the new Trust Wallet extension on Chrome Web Store. This means users can actively swap between Ethereum virtual machine (EVM) ecosystems, purchase crypto, and enjoy ledger support services, among other value additions.

The new #TrustWalletExtension update is out in the Chrome Store! (V 1.9.1): https://t.co/ffuwQXlqOp

Enjoy native #EVM swaps, #crypto purchases, Ledger hardware support & more!

Plus, you can now choose skippable backup to jump right in. Here’s how easy it is to get started👇 pic.twitter.com/7WlFi13Esw

— Trust Wallet (@TrustWallet) October 3, 2023

While TWT works out its next move, why not consider TGC, the ticker for the TG.Casino ecosystem. This is a new crypto Startup launched by Jim AI Studios as a new Plinko gambling product.

Experts are equally very optimistic about it. It launched on Telegram only recently, leveraging the messaging app’s 700+ million user base.

Trust Wallet Alternative

TG.Casino is the latest innovation by the Plinko team, presenting an exclusive place for online, anonymous crypto gambling.

The project is in the presale stage, set for listing at an average price of $0.125. Thus far, almost 40% of the $1,000,000 soft cap has been raised, with the website recording $387,844 at the time of writing.

There are multiple benefits to buying TGC or joining the TG.Casino community, including special rewards for presale buyers. Noteworthy, there will never be a better time to purchase $TGC than during presale, with the project offering you the opportunity to become a high roller.

To do this, all you have to do is invest at least $5,000 in $TGC presale for exclusive non-fungible tokens (NFT), among other post-launch rewards.

Always time for a quick play. 🎰 pic.twitter.com/PLRJS44KeE

— TG Casino (@TGCasino_) October 3, 2023

Furthermore, you do not have to wait for the token to go live on exchanges before you can start earning. Simply stake your TGC tokens and start collecting passive income courtesy of the sky-high Annual Percentage Yields (APY) of 1109.45%. Leverage your TGC tokens for more income-earning opportunities. Among them, there is an epic win challenge going on, the multiplier showdown, with any bet being a possible winner.

24 Hours left and the competition is hot 🔥

Any bet could win it 🎰 https://t.co/rnhnJFthGl

— TG Casino (@TGCasino_) October 3, 2023

For the skeptics, note that the TG.Casino ecosystem will not ask for any KYC verifications to play, or even connect your wallet. Simply fund your account and withdraw at any time. It’s as easy as that!

Visit TG.Casino here