Trust Wallet Price Prediction: Will TWT Price Reach $2 in 2023?
- Trust Wallet Price prediction remains bullish and suggests a rise in the long term.
- TWT Price holds a 50-day EMA and attempts to break the 200-day EMA.
- Trust Wallet Price formed a strong base near $1.00.
Trust Wallet price Prediction suggests a long-term rise until the price rises above the $1.00 level. TWT’s price consolidated for quite a long time near $1.00, which could indicate long-term base formation.
Trust Wallet price is above the 50-day EMA, indicating that the bulls are back on track. If the buyers break out of the 200-day EMA, we may see a bullish trend reversal. Both the EMAs are sloping sideways, indicating that prices lack a wrong direction.
Trust Wallet’s price is trading at $1.3319 with an intraday rise of 1.68%. The 24-hour volume-to-market cap ratio is at 0.1095. The pair of TWT/BTC is trading at 0.00004484 with an intraday rise of 0.61%. The chart structure of the Trust wallet token in the BTC pair shows a downtrend. It has a low correlation with the USDT pair.
TWT price is quite stable and did not show any sharp up-move or down-move over the past few months. In January, TWT price tested the $2 level. At the beginning of March, the bears unsuccessfully attempted to drag the price below $1.00. A bullish hammer candle was formed near the demand zone soon after.
Will Trust Wallet Price Reach 2.00 Before 2023 End?
TWT/USDT daily chart by TradingView
Trust Wallet’s price slightly recovered but lacked momentum near $1.300. It is likely to break on either side of this consolidation range soon. On a weekly time frame, TWT price formed a bullish reversal pattern. The confirmation will come when the buyers can break the $1.400 hurdle level. Till then the price is expected to remain in the consolidation phase.
rust Wallet price is in the initial phase of a bullish trend reversal. If buyers push the price above the 200-day EMA and sustain it, then the probability of reaching the $2.00 mark before 2023-end will sustainably increase.
TWT Price is Forming a Strong Base
TWT price tried multiple times to break the $1.400 level but got rejected. The bears are active in the supply zone and dominate at higher levels. The consolidation near the demand zone could be a base. On the other hand, if the price drops below $1.00, it may surely raise concerns for long-term investors.
The MACD generated and positive crossover and histogram bars are on the rise. It indicates mild bullishness and bulls returning to track. The RSI at 60 sloping upward denotes strength, and more room for upside is open.
Conclusion
Trust Wallet Price Prediction favors the bulls and suggests a rise in the long term. TWT Price is stuck into a narrow range and likely to expand upside. The technical analysis suggests that if the Trust wallet price can trade above 200-day EMA, the probability of reaching $2.00 in 2023 will increase.
Technical levels
Resistance levels: $1.8000 and $2.000
Support levels: $0.9930 and $0.8000
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
