- The token recently marked all time high and maintains the zone.
- Trust Wallet’s 10th bounty hunt launched recently.
- It paired with DSLA Protocol and Mimo labs for the same.
The crypto verse recently faced a massive shock because of the FTX meltdown, due to which holders now strongly favor ‘self-custody’ and taking advantage of the same; Trust Wallet gained immense attention by promoting the same. It also marked its all-time high and maintained the same zone of price movement, flaring a bullish flag. The fame game did not end there; it recently announced its 10th Bounty Hunt via its official Twitter account, which helped the token attract more users. It paired with DSLA Protocol and Mimo labs for the same and accelerated the price action of TWT.
The char-t-ale
TWT forms a bullish flag, initiating with the breakout and horizontal movement and marking higher highs. Price action takes place far above the EMA ribbon, which recently marked a golden cross at the time of the breakthrough. The volume seems to be pushed down, but the OBV marks an upslope, indicating that it may be a positive volume pressure and a further price rally.
TWT’s bullish swing has caused the RSI indicator to float near the ceiling range and rhythmically become overbought. The MACD indicator knots and goes neutral at present but functions way above the zero-mark histogram. The CMF indicator slopes sharply upwards, indicating a further price rally.
The peephole
The recent price level of TWT moves in the rising parallel channel. It currently indicates a forthcoming halt before resurgence. The RSI indicator moved to the average range near the 50-mark but did not enter the level below it. The MACD indicator moves closer to the convergence, marking the short-term action of the bears. The CMF drops below the 0-mark but not at a sharp pace, indicating chances of rising again.
Conclusion
The TWT token is under the spotlight as it gains users’ attention and keeps bringing in new announcements to maintain the attention. Users highly appreciate this feature and dedication, which is very well reflected in the price action of the token. It may send the token price surging up to $5.
Technical levels
Support levels: $0.95 and $0.70
Resistance levels: $2.75 and $3.00
