TWT Technical Analysis: Will TWT Buyers Break The Rising Wedge?

The TWT price shows a bullish reversal within the rising wedge teasing a potential bullish breakout to exceed the psychological mark of $1. Key technical points: The TWT prices are up by 6.26% in the last 24 hours. The price action shows a bullish reversal from $0.90 to challenge the resistance trendline. The 24-hour trading volume of Trust Wallet Token is $24.99 Million, indicating a hike of 56%. Past Performance of TWT The TWT prices show a bullish trend with the support of an ascending trendline accounting for a price jump of 30% in the last 20 days. The bull run started from the $0.75 support level to reach the psychological mark of $1. Furthermore, the price trend creates a rising wedge pattern teasing a potential bullish trend continuation if the resistance trendline falls. Source- TWT prices TWT Technical Analysis Over the last two days, the TWT prices have taken a bullish turnaround from the support trendline to challenge the resistance trendline of the rising wedge pattern. Hence traders can expect a bullish breakout which may result in an uptrend to reach the $1.18 mark. As the market value arises within the bullish pattern, the Golden Cross over of the 50 and 200-day SMAs occurs in the daily chart. Hence we can expect the SMAs to reclaim the positive alignment and fuel the bullish breakout rally. The RSI slope shows a bullish turnaround within the nearly overbought zone to exceed the 14-day SMA. Hence the technical ...