Trust Wallet Token (TWT) surged to $1.33 before it was revised, and is currently trading nearly $1.10. It’s still up 37% over the last 24 hours. The TWT price rally was widely tied to fresh tweets from Binance Founder CZ, but social hype wasn’t the only real driver.
Technical shows that breakouts have been prepared in advance. Once the target was met, the traders immediately booked the profit. Now the signs are cooling momentum and referring to rising sales pressure.
Breakout targets were met and then gained great benefits
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On the two-day chart, TWT prices formed a reverse head and shoulder pattern. This is a classic setup that often shows a reversal, and even with immediate price targets.
The breakout was already played before the CZ quote was retweeted. This tweet simply accelerated movement and sent prices directly to the pattern’s prediction target. Once that target exceeds $1.17 (the original target), it appears that smart traders have begun cashing out.
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The result was a sharp wave that made profits. The exchange net flow reversed to +2.84 million two days after -177,980 TWT on September 17th, with 1,600% jumps flowing into the exchange with tokens. Such surge signals mean that holders have quickly locked up profits and created intense, short-term selling pressure.
Whale accumulation usually often offsets retail sales. However, in this case the opposition is unfolding. The wallet, which holds between 10 million and 100 million TW, has been steadily trimmed since early September, hidden between 248.9 million and 221.4 million. This is a dump that costs nearly $8.23 million at its current price.
These whales have booked profits after another selling burst over the past 24 hours.
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The drop shows that even before retailers joined, large holders were reducing exposure and still booking profits. This gives little support to absorb new sales pressure.
Bearish divergence keeps the risk of TWT price correction high
Despite the short-term excitement, long-term signals remain cautious. Since December 2024, TWT prices have been lower and the relative strength index (RSI) has risen to a high. RSI is a momentum indicator that tracks whether or not there is a strong purchase or sale pressure.
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This suggests that momentum wasn’t enough to push prices to a true reversal, keeping the wider downtrend intact.
The price chart highlights the risk zone. Support is $1.00 followed by $0.84 and $0.71. A break below $0.71 could expose your TWT to a deep loss to $0.63. The advantage is that daily closures above $1.42, and ideally $1.63, will disable bearish setups and bring trust back to the market with TWT price rally.
For now, the Trust Wallet Token (TWT) price rally appears to be a move that achieved its goal and not the beginning of a sustainable uptrend, but a sharp profit. Over $1.00 is key to avoiding deeper fixes.
