<em><strong>TWT prices reverse from the 100-day EMA with a double bottom pattern testing a jump to the overhead resistance trendline. </strong></em>

The TWT prices restart the uptrend with a double bottom reversal from the 100-day EMA resulting in a 12% jump to challenge the short-coming resistance trendline. Furthermore, the bullish engulfing candle of the 7.25% jump yesterday in the daily chart shows a promising recovery in market value that will break the resistance trendline. However, the sellers remain confident at the resistance trendline teasing a downtrend.
<h3>Key Points:</h3>
<ul>
 	<li>The TWT price action showcases a double-bottom reversal.</li>
 	<li>The bullish reversal may shortly reach the overhead resistance trendline of $1.12.</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 $9.8 million.</li>
</ul>
<img class="alignnone" src="https://s3.tradingview.com/snapshots/q/QQHA0sPz.png" alt="TWT/USD Price Chart" width="2047" height="1006" />

Source - <a href="https://www.tradingview.com/x/QQHA0sPz/" target="_blank" rel="nofollow noopener">TradingView</a>
<h2>TWT Technical Analysis</h2>
The TWT price shows a 15% downfall breaking below the support zone in late August before taking support at the 100-day EMA. The downturn also broke below the psychological mark of $1.0 and a 50-day EMA.

However, after a long consolidation between the 50 and 100-day EMA, the bullish reversal with a double bottom rises above $1.0. The 12% reversal in the last few days challenges the shortcoming resistance trend line close to the $1.05 mark.

Currently, the daily candle shows higher price rejection from the resistance trendline, struggling to rise above $1.05, teasing a downtrend. Nonetheless, the increased buying pressure evident by the increased trading volume supporting the bullish engulfing candle keeps the bullish hope significant.

The sideline traders can expect the breakout of the resistance trendline as a bullish entry spot with the potential to reach the $1.18 mark.
<h2>Technical Indicators</h2>
The daily-RSI slope exceeds a halfway line after bouncing from the 14-day SMA, reflecting an increase in the underlying bullishness.

The MACD and signal lines show a bullish crossover in the negative zone, with a spike in the positive histograms.

Thus, the indicators maintain an optimistic standpoint for the upcoming trend in TWT prices despite the resistance trendline.

Resistance Levels - $1.05 and $1.15

Support Levels - $1 and $0.95

TWT Technical Analysis: TWT Prices Bounces 12% From 100-day EMA

As per the technical analysis, TWT prices reverse from the 100-day EMA with a double bottom pattern, testing a jump to the overhead resistance trendline. 

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 Prices Bounces 12% From 100-day EMA

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