<em><strong>The TWT Technical Analysis shows a declining trend, under the influence of a resistance trendline, challenging the buyers at the 200-day EMA.</strong></em>

The TWT price action displays a declining trend after reversing from the overhead resistance of $1.18, accounting for a price drop of 25%. The downtrend leads to the generation of a resistance trendline giving the bullish growth in check. Currently, the falling prices challenge the 200-day EMA at the crucial support level of $0.90.
<h3>Key Points:</h3>
<ul>
 	<li>The Trust Wallet Token prices show a  power struggle at the crucial level of $0.90.</li>
 	<li>The 200-day EMA fallout will result in a 10% fall.</li>
 	<li>The intraday <a href="https://www.cryptoknowmics.com/news/why-trading-volume-matters-in-crypto-investment/" target="_blank" rel="noopener">trading volume</a> in Trust Wallet Token is $11.15 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/z/Zy6yw3RX.png" alt="TWT Price Chart" width="2314" height="1109" />

Source - <a href="https://www.tradingview.com/x/Zy6yw3RX/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>TWT Technical Analysis</h2>
The TWT price action displays a bearish turnaround from the $1.18 mark after facing an increase in selling pressure. The bearish reversal accounts for a price drop of 25% over the last few months leading to a price drop to the 200-day EMA.

Currently resting at the $0.90 support level, the price trend struggles to sustain above the 200-day EMA. However, the 2.52% intraday growth results in a bullish candle reflecting a possibility of a positive turnaround with a morning star pattern. Therefore, short-term traders can expect a long entry opportunity to ride the reversal rally to the resistance trendline.

If the buying pressure persists, the TWT market value will incline by 6.84% to reach the resistance trendline at $1. However, if the buyers fail to sustain dominance over the 200-day EMA, the failed morning star pattern will prolong the downtrend to $0.80.
<h2>Technical Indicators</h2>
The falling RSI slope takes a bullish reversal in the nearly oversold zone, ready to reach the halfway line reflecting growth in bullish influence. However, the bearish trend in the MACD and signal lines continues with a strong trend in the negative histograms.

Therefore, the technical indicators take a bearish side to oppose the TWT price action analysis.

Resistance Levels - $1 and $1.18

Support Levels - $0.90 and $0.80

TWT Technical Analysis: TWT Buyers Struggle At 200-day EMA

The TWT technical analysis shows a declining trend, under the influence of a resistance trendline, challenging the buyers at the 200-day EMA.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

TWT Technical Analysis: TWT Buyers Struggle At 200-day EMA

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