Trust Wallet Token Price Prediction: Will TWT Reach $1 Soon?

Trust Wallet Token is a BEP-20 utility token.
Bullish TWT price prediction ranges from $0.8 to $1.
TWT might show excellent market performance this 2021 reaching new ATH.

This Trust Wallet Token Price Prediction 2021 article is based on technical analysis alone. In this article, you can see the key measures that were taken into consideration upon coming up with our TWT price analysis and prediction.

Trust Wallet Token, or TWT, is a BEP-20 utility token. However, it provides a range of benefits and incentives to Trust Wallet users. More so, Trust Wallet itself is a mobile cryptocurrency wallet that supports popular native assets, in addition to popular crypto tokens on the Ethereum, Binance, and TRON blockchains.

Initially, Trust Wallet Token was launched as a BEP-2 asset on Binance Chain. In October, 2020, it was relaunched as a BEP-20 token on Binance Smart Chain.

TWT Current Price

According to CoinGecko, the TWT price is $0.63 with a 24-hour trading volume of $31.6 million at the time of writing.

TWT has a current circulating supply of 250 million. Currently, the top crypto trading platforms for TWT are Binance, Gate.io, Hoo, MXC.COM, and Bilaxy.

Now, let’s proceed to the next part of this TWT price forecast for 2021.

TWT Price Analysis 2021

As shown below in this TWT price prediction chart, in a smaller time frame, TWT has shown a Measured Move Up Pattern. This pattern shows three consecutive turns, starting with a minor low to a minor high, then retraces of at least 70%, and then finally ends at a minor high.

However, this ensures that the market has the tendency to move in the same price structure to how it moved recently. Moreover, it not only includes price distance but also the time needed to reproduce the same move should be almost the same.

TWT/USDT chart showing Measured Move Up Pattern (Source: TradingView)

As shown above, at the beginning of 2021, TWT turned from its bear to bull trend. This shows a high trade volume happened in that period.

Relative Strength Index (RSI) of TWT/USDT (Source: TradingView)

The Relative Strength Index (RSI) is nearing 70. This indicates the RSI is in an overbought state and may trigger a price reversal at any given time.

Therefore, traders must trade properly and must not be influenced by the market surge. Moreover, traders can be cautious and move away from unexpected losses due to the crypto market’s wild movements.

TWT Price Prediction 2021

Let us also look through the Simple Moving Average (SMA) and the Exponential Moving Average (EMA).

TWT/USDT Price Chart With 12-day SMA and 9-day EMA (Source: TradingView)

Resistance Level 1 – $0.86
Resistance Level 2 – $1.05
Support Level 1 – $0.28
Support Level 2 – $0.16

Since the start of 2021, TWT’s price has seen many bullish moves. The above chart shows the impressive performance of TWT in the last few days. TWT is showing a bullish trend. However, if the trend continues, TWT will run along with the bulls, overtaking its $0.86 resistance level and climb higher to $1.

If the bullish trend continues, the TWT can surge over it’s all-time high (ATH) price of $0.878. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the TWT price might plummet to almost $0.16, a bearish signal.