Trust Wallet Token (TWT) price prediction: With Mobile Wallet Adoption, can TWT Target $2, Even as an Intriguing Presale Coin Captures Attention?

ByNemo Kimani

Updated: 13 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.

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Trust Wallet’s native token, Trust Wallet Token (TWT), has experienced a bullish trend, surging into the supply zone at $1.04.

The unwavering support of the Trust Wallet community backs TWT’s growth. Passionate members express their confidence in the token’s pivotal role in shaping the DeFi and Web3 landscape.

Over the last 24 hours, the token has gained 6.2% in price, surpassing resistance levels. It is currently trading at $0.96 as of 6:35 a.m. EST.

Trust Wallet Token (TWT) price prediction — TWTUSD Price Chart by Tradingview.com

Price Prediction: Can Trust Wallet Token (TWT) Target $2

The price of TWT encountered resistance after bullish activity established a base in the $0.91 support zone, facilitating an ascent to $1.04.

This scenario has allowed bears to step in, starting a correction to recoup their losses. This correction has impeded additional bullish advances and led to a $0.91 support level drop.

Furthermore, the price has established an inverted head and shoulders pattern, which is typically a bullish indicator. The shoulders, formed at $0.94, act as a support level for Trust Wallet Token (TWT), enabling bulls to push upwards.

TWT’s price indicators show bullish signals, with the 50 and 200 moving averages trading below the current price of $0.93 and $0.95, respectively. The 200 SMA’s positioning also suggests a potential rebound for TWT, showing a neutral outlook.

Moreover, the relative strength index (RSI) has bounced back from 30 oversold territory, currently trending upward at 62. This shows intense buying pressure that could drive the RSI above 70.

Trust Wallet Token (TWT) may reach record highs. It is currently in a bullish trend with supportive price indicators. If the momentum continues, TWT has the potential to achieve new highs as the bulls aim to reclaim the $1.04 resistance level. This will mark a 69% increase from its current price.

In contrast, bears may target the $0.91 support zone during the correction. A breach below the $0.94 support level could push the price down to the $0.86 support level. Why not diversify your portfolio with an intriguing presale coin?

Meme Kombat has gained attention for its innovative presale approach. With its S2E and P2E features, investors could consider MK an alternative to Trust Wallet Token (TWT).

5 hours left to submit your memes fellow kombatants 🫡

Check pinned tweet for details ⚔️$MK #MemeKombat pic.twitter.com/jJeTHUCoLu

— Meme Kombat (@Meme_Kombat) October 12, 2023

Get Passive Income with Meme Kombat’s AI battles

Meme Kombat, an innovative blockchain project, combines memes and AI to create a battle arena on the Ethereum Network. It also offers automatic staking benefits during the presale, provides various betting options, and implements a well-planned tokenomics structure for sustainable growth.

The meme kombat team has set aside 50% of the total token supply. Of these tokens, 30% will reward $MK stakers and battle participants, 10% will bolster Decentralized Exchange (DEX) liquidity, and another 10% for community rewards.

The MK platform allows you to bet on your tokens in competitions between popular memes. You can claim a share of the prize pool if your chosen meme emerges victorious. You can also team up with others to place bets and share winnings.

You feel that?

That's the sweet sound of $MK soaring to the moon 🚀

Big week ahead of us memers🔥 pic.twitter.com/zUiqf002MY

— Meme Kombat (@Meme_Kombat) October 11, 2023

Meme Kombat has the potential to explode after the presale. This is because of the high investor interest in meme coins associated with popular TV characters, and they center Meme Kombat around these characters.

The AI-powered game supports various types of memes, each possessing distinct powers. The entire Meme Kombat system revolves around its native MK token.

Buy Meme Kombat Presale, Stake, Earn High APY

At the time of writing, the Meme Kombat presale is approaching its $1 million target, garnering $481,401 in funding. Each $MK token is currently available at a reduced price of $1.667.

Now, investors can stake MK tokens in the staking pool corresponding to the meme player they endorse.

By doing so, investors can attain an impressive Annual Percentage Yield (APY) of 112%, courtesy of allocating 30% of the token supply for staking and battle rewards.

Satoshi Staker, who has 282,000 YouTube subscribers, explains how to buy Meme Kombat and leverage its staking feature in a video available here;