{"id":623703,"date":"2025-02-03T15:59:52","date_gmt":"2025-02-03T15:59:52","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623703"},"modified":"2025-02-03T15:59:52","modified_gmt":"2025-02-03T15:59:52","slug":"trust-wallet-token-price-prediction-twt-plummets-16-as-this-new-crypto-wallet-rival-surges-past-9m-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/trust-wallet-token-price-prediction-twt-plummets-16-as-this-new-crypto-wallet-rival-surges-past-9m-in-presale","title":{"rendered":"Trust Wallet Token Price Prediction: TWT Plummets 16% As This New Crypto Wallet Rival Surges Past $9M In Presale"},"content":{"rendered":"

The Trust Wallet Token price has plummeted 16% in the last 24 hours to trade at $0.8054 as of 7 a.m. EST on a 208% pump in trading volume to $60 million.<\/p>\n

Trust Wallet Price Continues Downtrend Below The Channel<\/h2>\n

The Trust Wallet Token price action indicates a sharp 7.52% decline in the past 24 hours, with prices plummeting<\/a> to $0.8017 after reaching an intraday low of $0.6100. This steep drop follows weeks of sustained selling pressure, breaking below key technical levels and raising concerns about further downside potential.<\/p>\n

A major support zone between $0.70 and $0.75 is now being tested, a level that previously provided strong buying interest. A breakdown below this region could open the door for a deeper decline toward $0.60 or lower. On the upside, resistance is seen at $1.20 to $1.25, with stronger resistance near $1.40 to $1.50, aligning with December’s peak before the price reversal.<\/p>\n

\"Trust<\/p>\n

TWTUSDT Analysis Source: Tradingview<\/p>\n

The recent downturn comes after a parabolic rally in December, where TWT surged before entering a bearish channel. The trend shift was confirmed by the LuxAlgo cross, signaling a weakening momentum. Multiple sell signals have appeared on the chart, further reinforcing bearish sentiment.<\/p>\n

A key technical indicator, the Relative Strength Index (RSI), now sits at 21.38, deep in oversold territory. Historically, an RSI below 30 suggests a potential for a short-term rebound, but sustained bearish pressure could override any bounce attempts.<\/p>\n

If TWT holds above $0.70, a temporary recovery toward $1.00 – $1.20 could be possible. However, a failure to maintain this level may lead to further losses, as traders remain cautious amid broader market uncertainty.<\/p>\n

Investors are advised to closely monitor the $0.70 support zone, as a decisive move in either direction could determine TWT’s next major trend.<\/p>\n

Best Wallet Presale Blasts Past $9 Million – The Next Gen Wallet Token?<\/h2>\n

With the Trust Wallet Token price under pressure from sellers, investors are turning to Best Wallet (BEST)<\/a>, which has already raised over $9 million in its presale.<\/p>\n

Best Wallet is an all-in-one digital asset management solution, offering users everything they need to manage, grow, and secure their crypto holdings in one app. It supports over 60 blockchains and their native tokens, and also lets users import all their Web3 wallets.<\/p>\n

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Spot New Tokens Before the Crowd 🚀<\/p>\n

Get exciting Alpha on upcoming projects with Best Wallet. Track new token listings, see your balances before claims, and manage everything in one place.<\/p>\n

Stay ahead, stay ready. ⚡️<\/p>\n

📲 https:\/\/t.co\/he5kzra7TY<\/a> pic.twitter.com\/GIxFCWZH3S<\/a><\/p>\n

— Best Wallet (@BestWalletHQ) February 1, 2025<\/a><\/p><\/blockquote>\n