Trust Wallet Token (TWT) Price Prediction 2023 – Will TWT Hit $3 Soon?
- Bullish TWT price prediction for 2023 is $1.6567 to $3.738.
- The TWT price will also reach $5 soon.
- Bearish TWT price prediction for 2023 is $1.1872.
In Trust Wallet Token (TWT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about TWT to analyze the future movement of the cryptocurrency.
Trust Wallet Token (TWT) Current Market Status
| Current Price | $1.34 |
| 24 – hour trading volume | $37,590,501 |
| 24 – hour price change | 3.78% up |
| Circulating supply | 2,767,672,866 |
| All – Time High | $3.46 (On October 28, 2021) |
What is Trust Wallet Token (TWT)?
Trust Wallet Token (TWT) is the native utility token of Trust Wallet. Trust Wallet is a “multi-cryptocurrency” wallet mobile app that exists on the Binance Smart Chain (BSC). The wallet app was launched in November 2017 by Viktor Radchenko. It was then acquired by Binance in July 2018. Trust Wallet App allows users to securely store cryptocurrencies and non-fungible tokens (NFTs) securely. As of 2022, Trust Wallet supports more than 4.5 million assets on 65 blockchains.
Its utility token, Trust Wallet Token (TWT) was launched as a BEP-2 token on Binance Chain in February 2020, and then later in October 2020, it was relaunched as a BEP-20 token on the Binance Smart Chain (BSC). On holding TWT tokens, users get to access the services on the crypto wallet app. TWT also serves as the governance token that grants voting power to users.
Trust Wallet Token (TWT) Price Prediction 2023
Trust Wallet Token (TWT) holds the 59th position on CoinGecko right now. TWT price prediction 2022 is explained below with a daily time frame.
The above chart of TWT laid out an Ascending channel pattern .ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
Currently, Trust Wallet Token (TWT) is at $1.2645. If the pattern continues, the price of TWT might reach the resistance level of $2.7810. If the trend reverses, then the price of TWT may fall to $1.2457, $0.9085 and $0.5536.
Trust Wallet Token (TWT) Support and Resistance Levels
The chart below shows the support and resistance levels of Trust Wallet Token (TWT).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Trust Wallet Token (TWT).
| Resistance Level 1 | $1.6567 |
| Resistance Level 2 | $2.6234 |
| Resistance Level 3 | $3.7358 |
| Support Level | $1.1872 |
The charts show that TWT has performed a bullish trend over the past month. If this trend continues, TWT might run along with the bulls overtaking its resistance level at $3.7358.
Accordingly, if the investors turn against the crypto, the price of the TWT might plummet to almost $1.1872, a bearish signal.
Trust Wallet Token (TWT) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Trust Wallet Token (TWT) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of TWT lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Trust Wallet Token (TWT) is shown in the above chart. Notably, the TWT price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, TWT is in a bearish state. There is a possibility of a reversal trend of TWT at any time.
Meanwhile, the relative strength index (RSI) of the TWT is at a level of 29.21. This means that TWT is in an oversold state. However, this gives confidence to the traders to trade without any fear.
Trust Wallet Token (TWT) Price Prediction 2023 — ADX, RVI
Let us now look Average Directional Index (ADX) of Trust Wallet Token (TWT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Trust Wallet Token (TWT). Currently, TWT lies in the range of 45.91, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Trust Wallet Token (TWT). RVI measures the constant deviation of price changes over a period of time. The RVI of TWT lies below 50, indicating low volatility. In fact, TWT’s RSI is at 29.91, thus confirming a potential sell signal.
Comparison of TWT with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Trust Wallet Token (TWT).
From the above chart, we can interpret ETH, BTC, and TWT are moving in a similar trend. This indicates that when the price of BTC or ETH increases or decreases, the price of TWT also increases or decreases respectively.
Trust Wallet Token (TWT) Price Prediction 2024
With several upgrades in the network, Trust Wallet Token (TWT) might enter a bullish trajectory. If the coin grabs the attention of major investors, TWT might rally to hit $9 by 2024.
Trust Wallet Token (TWT) Price Prediction 2025
If Trust Wallet Token (TWT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, TWT would rally to hit $12.
Trust Wallet Token (TWT) Price Prediction 2026
If Trust Wallet Token (TWT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, TWT would rally to hit $15.
Trust Wallet Token (TWT) Price Prediction 2027
If Trust Wallet Token (TWT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, TWT would rally to hit $18.
Trust Wallet Token (TWT) Price Prediction 2028
If Trust Wallet Token (TWT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, TWT would hit $22.
Trust Wallet Token (TWT) Price Prediction 2029
If investors flock in and continue to place their bets on Trust Wallet Token (TWT), it would witness major spikes. TWT might hit $25 by 2029.
Trust Wallet Token (TWT) Price Prediction 2030
With greater advancements in the Trust Wallet ecosystem, the crypto community might continue to invest in Trust Wallet Token (TWT) for the next 8 years and drive significant price rallies for the token. Hence, Trust Wallet Token (TWT) might hit $28 by 2030.
Conclusion
With continuous improvements in the Trust Wallet network, we can say that 2023 is a good year for TWT. For this reason, the bullish price prediction of Trust Wallet Token (TWT) in 2023 is $3.7358. On the other hand, the bearish price prediction of Trust Wallet Token (TWT) for 2023 is $1.1872.
Furthermore, with the advancements and upgrades in the Trust Wallet ecosystem, the performance of Trust Wallet Token (TWT) might hit $5 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $1.64 in the near future.
FAQ
Trust Wallet Token (TWT) is the utility and governance token of the Trust Wallet App, a multi-cryptocurrency wallet mobile app existing on the Binace Smart Chain (BSC). TWT was launched initially as a BEP-2 token and then later on relaunched as BEP-20 token in October 2020.
Trust Wallet Token (TWT) has been listed on many crypto exchanges which include Binance, BKEX, KuCoin, Bitrue, Pancake Swap and LBank.
With the ongoing developments and upgrades within the Trust Wallet platform, Trust Wallet Token (TWT) has a high possibility of reaching its ATH soon.
In November, 2022, Trust Wallet Token (TWT) reached its new all-time high (ATH) of $2.71.
Trust Wallet Token (TWT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Trust Wallet in the past few months, TWT is considered a good investment in 2023.
Trust Wallet Token (TWT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Trust Wallet Token (TWT) will hit $5 soon.
Trust Wallet Token (TWT) price is expected to reach $9 by 2024.
Trust Wallet Token (TWT) price is expected to reach $12 by 2025.
Trust Wallet Token (TWT) price is expected to reach $15 by 2026.
Trust Wallet Token (TWT) price is expected to reach $18 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/trust-wallet-token-twt-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
