Trust Wallet Token Tops The Biggest Daily Gainers

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

Trust Wallet Token (TWT) token is pumping ahead of the weekend after breaking above a multi-month trendline. The token native to one of crypto’s leading self-custody wallets, Trust Wallet, has increased by 10% in the last 24 hours to trade at $0.89 on Friday.

Immense volume backs the breakout, up almost 500% on the day to $186 million. This sudden interest in Trust Wallet Token is also positively impacting its market capitalization, which, according to CoinMarketCap, is up 10% to $374 million. TWT ranks #84 among other cryptocurrencies.

Trust Wallet Token Addresses Falter As Price Surges

Although TWT is among the top gainers in the market, on-chain data reveals a noticeable slump in the number of the protocol’s active addresses. Insights shared by on-chain analytics platform Santiment showed addresses actively interacting with the network are at their lowest since August 22.

This elucidates that although investors buy TWT, they leave the tokens on exchanges ready to sell at the earliest sign of profit. Traders should be on the lookout for a reversal in the short term.

Trust Wallet Token Active Addresses/Trading Volume/Social Volume | Santiment

Trust Wallet Token Price Prediction: Will TWT Hit $1?

Trust Wallet Token price strengthened the ongoing move toward $1 after breaking above resistance posed by a longstanding multi-month falling trendline as illustrated on the daily chart.

For such a breakout to be sustainable, it must be supported by a massive increase in trading volume. The breakout also coincided with renewed investor interest courtesy of the hype around Ethereum futures exchange-traded funds (ETFs) trading for the first time in the United States.

By Monday, the US Securities and Exchange Commission (SEC) had greenlighted at least nine Ether ETF products – some combining both ETH and BTC futures.

A bullish wave traversed the crypto market, leading to price upswings led by Bitcoin’s jump above $28,000 and Ethereum’s run up to $1,750. While profit booking hampered the continuation of the uptrend for most cryptos, Trust Wallet Token continues to rage on.

Using the 21-day Exponential Moving Average (EMA) (red) as support at $0.85, bulls propelled TWT above the subsequent resistance at $0.864, as highlighted by the 100-day EMA (blue).

Trust Wallet Token’s uptrend touched $0.95 but has retreated to $0.89 in search of more liquidity to deal with the glaring seller congestion at $0.965, as highlighted by the 200-day EMA (purple).

Trust wallet token price chart — TWT/USD daily chart | Tradingview

The path with the least resistance is bound to stick to the upside based on the position of the Moving Average Convergence Divergence (MACD) indicator above the neutral 0.000 area.

With the MACD line in blue above the red signal line, traders can have confidence in the uptrend lasting through the weekend. In the meantime, upholding the short-term support at the 100-day EMA would be in the best interest of the bulls and traders willing to bet on the impending move to $1.

However, losing the same 100-day EMA as the immediate support could imply a reversal to seek support at $0.8 while allowing Trust Wallet Token to collect more liquidity before launching the next bullish attack on resistance at $1 and $1.5 on the path to $2.

The Relative Strength Index (RSI) on the four-hour chart cautions traders to anticipate a reversal following overbought conditions. However, this reversal might be brief to allow more investors to buy TWT, thus building the momentum for a breakout above $1.

As TWT rallies, investor sentiment is growing. Based on BSCDaily on X, the token has emerged among the top ten gainers in the BNB Smart Chain ecosystem.

Top Gainers in #BNBChain Ecosystem Last 24 Hours🚀$HGPT @hypergpt $MOOV @dotmoovs $REALM @enter_realm $MAN @MatrixAINetwork $ORION @orion_money $AIMBOT @aimbot_coin$ARKM @ArkhamIntel $TWT @trustwallet $RAINI @raini_coin $MILO @MiloInu #BNBChain pic.twitter.com/KcMGWNFHBJ

— BSCDaily (@bsc_daily) October 5, 2023

The vibrant community built around Trust Wallet has become a lifeline source for TWT, with enthusiasts willing to bet on its future as a token and as a crypto project helping to shape the future of DeFi and Web3.

Trust Wallet Token $TWT is on fire 🔥, up 15.07% in the last 24 hours! It's now ranked #81 on @CoinMarketCap with a $380M market cap.#TWT #twtusdt #TrustWalletToken #cryptocurrency #CryptoInvesting #TrustWalletExtension pic.twitter.com/ev8mYH97W5

— Adasamuel (@adasamuel66644) October 5, 2023

Promising Trust Wallet Token Alternative To Buy – Meme Kombat

The crypto market’s sideways trading may be over, but the road to the next bull run is unlikely to be smooth. Market fluctuations threaten accrued gains, not to mention the drop in TWT active addresses.

With that in mind, investors may want to consider a new meme coin project – Meme Kombat as they make decisions regarding their crypto portfolios.

Meme Kombat is a crypto presale that innovatively combines the power of memes and the completive thrill of Web3 games.

The platform features multiple ways users can wager bets, ranging from player-vs-player to sophisticated player-vs-computer modes that use traditional betting mechanics to provide realistic and fair betting outcomes.

New presale i am bring some awareness too .. Legends at @Meme_Kombat who are an innovative new gaming platform designed for hardcore gamers.

– Doxxed team ✅
– $100,000 raised already ✅
– Passive staking ✅
– AD / NFA / DYOR ✅

– Presale link : https://t.co/TWAEnq5WG0
– TG :… pic.twitter.com/r6xtdbBmeX

— Crypto Tony (@CryptoTony__) September 28, 2023

Investors are moving fast, with more than $312k raised via an ongoing presale. Buying $MK, the token powering the ecosystem, is simple via the Ethereum blockchain and the BNB Smart chain.

Smog (SMOG) - Meme Coin With Rewards

Rating