<strong><em>The TWT price shows a bullish reversal within the rising wedge teasing a potential bullish breakout to exceed the psychological mark of $1.</em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>The TWT prices are up by 6.26% in the last 24 hours.</li>
 	<li>The price action shows a bullish reversal from $0.90 to challenge the resistance trendline.</li>
 	<li>The 24-hour trading volume of Trust Wallet Token is $24.99 Million, indicating a hike of 56%.</li>
</ul>
<h2>Past Performance of TWT</h2>
The <a href="https://www.cryptoknowmics.com/news/twt-technical-analysis-triangle-breakout-rally-approaches-1-milestone/">TWT</a> prices show a bullish trend with the support of an ascending trendline accounting for a price jump of 30% in the last 20 days. The bull run started from the $0.75 support level to reach the psychological mark of $1. Furthermore, the price trend creates a rising wedge pattern teasing a potential bullish trend continuation if the resistance trendline falls.

<img src="https://s3.tradingview.com/snapshots/1/1AWpyoAZ.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/1AWpyoAZ/" target="_blank" rel="noopener">TWT prices</a>
<h2><span style="font-weight: normal">TWT Technical Analysis </span></h2>
Over the last two days, the TWT prices have taken a bullish turnaround from the support trendline to challenge the resistance trendline of the rising wedge pattern. Hence traders can expect a bullish breakout which may result in an uptrend to reach the $1.18 mark.

As the market value arises within the bullish pattern, the Golden Cross over of the 50 and 200-day SMAs occurs in the daily chart. Hence we can expect the SMAs to reclaim the positive alignment and fuel the bullish breakout rally.

The RSI slope shows a bullish turnaround within the nearly overbought zone to exceed the 14-day SMA. Hence the technical indicator reflects an increase in the underlying bullishness.

The MACD indicator shows the fast and slow lines avoiding a bearish crossover as the buying pressure increases, as the positive histogram.

In a nutshell, the TWT Technical Analysis forecasts a high possibility of a bullish breakout as the buying pressure increases.
<h2><span style="font-weight: normal">Upcoming Trend </span></h2>
If the market value exceeds the resistance trendline, the TWT prices will skyrocket above the psychological mark of $1. Traders can expect the breakout rally to reach $1.18, accounting for an 18% price jump. Conversely, a bullish failure can further consolidate the price pattern. However, a bearish breakout might result in a price jump to $0.83.

<strong>Resistance Levels:</strong> $1 and $1.18

<strong>Support Levels:</strong> $0.90 and $0.83

TWT Technical Analysis: Will TWT Buyers Break The Rising Wedge?

TWT Technical Analysis shows a bullish reversal within the rising wedge teasing a potential bullish breakout to exceed the psychological mark of $1.

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: Will TWT Buyers Break The Rising Wedge?

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