TWT Technical Analysis
Key Insights
- TWT has experienced a significant price decrease of over 62% since the beginning of 2023.
- Recent market activity, including a bounce from the resistance level with a notable 36% increase, suggests potential bullish strength and trader interest in TWT.
- If TWT can break through the current resistance, it may target subsequent resistance levels at $1.2366, $1.5854, and even higher. It might pose a challenge due to significant trading volumes, though.
As of this writing, TWT ranks 83rd on CoinMarketCap with a market cap of $374,666,447.
TWT Daily Timeframe
Since the beginning of 2023, the price of the asset has decreased from $1.8771 to $0.7102, which is more than 62%. Over the last 4 months, the price has remained in a stable range between the support level at $0.7102 and the resistance level at $0.9886.
The recent bounce from the resistance level reached a price of $0.9608, marking an increase of over 36%. This indicates potential bullish market strength in the market. It's also worth noting that the last daily candle closed above the volume POC level at $0.9010, indicating trader interest at this level.
TWT Price Prediction
After the completion of a prolonged accumulation phase, there is potential for realizing the accumulated volumes and subsequent upward movement. This upward trend could begin after successfully surpassing the resistance level at $0.9886. Following such a breakthrough, the next target for the asset is the resistance level at $1.2366.
Besides, overcoming this level might be a challenging task, as it holds a significant trading volume.
However, a successful breakthrough of this level could pave the way for further growth of the asset, with potential target levels at $1.5854, $1.8809, and beyond.
Users can get TWT for fiat or crypto on SimpleSwap.
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