TWT Technical Analysis: Channel Breakout Rally Jumps 30%

TWT price action shows a falling channel breakout rally gaining momentum and eyes to breach the psychological mark of $1. Key technical points: The TWT market price has increased 21.80% over the past 24 hours. The price action shows a breakout rally gaining momentum to reach $1. The 24-hour trading volume of Trust Wallet Token is $55.45 Million, indicating a hike of 133%. Past Performance of TWT As mentioned in our previous article, TWT prices surged phenomenally after the falling channel breakout. The post-retest reversal rally from the broken resistance trendline resulted in a 30% jump to reach the $0.90 mark. Moreover, the price action shows a triple white soldier pattern teasing a price jump above the $1 mark. Source- Tradingview TWT Technical Analysis TWT price action shows a jump in market value supported by a jump in trading volume, reflecting a high momentum uptrend in motion. The bullish breakout rally results in a reversal in the DMAs, resulting in a bullish crossover of 10 and 50-DMA. Moreover, the price surpasses the 200-DMA and hints at a golden crossover. The daily RSI’s slope jumps to the overbought boundary as the underlying bullishness grows phenomenally. Moreover, the 14-day SMA crosses the halfway line, reflecting the solid bullish sentiments fueling the uptrend. The MACD and signal lines cross above the zero line in a bullish alignment with a rising trend in the MACD histograms. Hence, the indicator project...