- Bulls were successful in driving prices up to $2.44 during the upswing.
- Technical indications predict that the bullish trend will persist.
- TWT bulls encounter resistance at $2.45 during the rally.
In the Trust Wallet Token (TWT) market, bulls have been in control for the past 24 hours after finding support at the market’s intraday low of $2.29. As of the time of publication, this bullish control was able to raise prices by 5.23% to $2.44.
The 24 hour trading volume plummeted by 60.60% to $55,524,340 as a result of the sellers’ unmet demands, but during the recovery, the market capitalization increased by 4.12% to $1,001,759,927.
The bulging Bollinger Bands on the 4-hour price chart, which have upper and lower bounds of 2.5665 and 2.0603, respectively, demonstrate the bullish momentum currently present on the TWT market. This optimistic hypothesis suggests the current market trend will continue as market price movement approaches the upper band levels.
As long as the Chaikin Money Flow (CMF) and the Bull Bear Power (BBP) remain in the positive range, this bullish trend on the TWT market is expected to last. This upward-pointing positive trend on the TWT market is expected to continue with values of 0.05 and 0.1089, respectively.
On the Trust Wallet Token (TWT) price chart, a golden cross—which develops when a shorter-term MA rises over a longer-term MA—is clearly visible. According to this motion, the 5-day MA will touch 2.394, while the 20-day MA will touch 2.2133, indicating that this bullish trajectory will prevail. Additionally supporting this idea is the price movement above both MAs.
If the bullish trend in the market is to continue, bulls must battle to keep the resistance level and prices afloat.
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