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Trust Wallet Token Price Prediction: TWT Outperforms And Hits Latest All-time High Amid FTX Collapse

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Trust Wallet Token Price Prediction
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  • The price of the Trust Wallet token reached an all-time high of $1.75 on 13 November.
  • TWT token marked a bullish rally this week as buyers are up 47% so far.
  • Trading volume increased by 600% to $140 million in the last 24 hours.

Amid the overall crisis in the cryptocurrency market, the price of the Trust Wallet token reached its new all-time high at the $1.75 mark. This remarkable acceleration was due to its decentralization and governance. TWT—the governance token of the Trust Wallet—has been steadily rising around higher territory, despite the fact that bitcoin has recorded its two-year low.

The rally started on November 10 as buyers crossed the price retracement phase with a sharp bounce. On November 11, TWT tweeted that they are supporting 8 million digital assets, including NFTs. They just try to defuse the panic from the market, and hence the rapid rise in prices this week.

Is the Latest All-time High Resistance? 

Buyers are aggressively following a bullish trend, resulting in Trust Wallet Token price hit all-time high at $1.75 on 13 November. This price level turns as an immediate resistance, bears will try to defend themselves from another rally. Meanwhile, TWT price is trading at $1.7 Mark along with 17% intraday gain. 

After a rapid bullish move, $1.0 level flipped into the key support level, as well as bulls have a key defending zone at ascending trendline. TWT token marked a rapid bullish rally this week as buyers gained 47% so far. Notably trading volume increased 600% in the last 24 hours at $140 Million. 

Trust Wallet token is remaining far above the significant moving averages over the daily price scale. Bulls constantly accumulate the token at 20 DMA (white). Although, RSI has reached into the overbought zone, a more bullish rally is likely.

Conclusion 

Trust Wallet token is outperforming despite the massive selling pressure in the crypto market. Traditional technical indicator is favoring bulls and suggesting more uptrend in TWS price. 

Support level – $1.2 and $1.0

Resistance level – $1.8 and $2.0

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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