Is It Too Late to Buy Trust Wallet? TWT Token Gains 30% as New Crypto Casino Project Raises $650,000
In the latest upside move, Trust Wallet's native TWT token has gained +30%, in a dramatic swing aiming to reclaim lifeline support from the 200DMA.
This comes amid a flurry of Binance Smart Chain development activity on Trust wallet, which has seen TWT rank as the most actively developed project on BSC in the past 30-days.
Price action was recently bolstered by an announcement on the Trust Wallet twitter page, teasing an upcoming major release - although details remain sparse.
The upside move has seen Trust Wallet crypto surges, leaving TWT currently trading at a market price of $0.96 (representing a 24-hour change of -3.98%).
Downside pressure emerges from localised retracement, after price pushed high to test upper trendline resistance around $1.
Hard-fought support from the 20DMA provided footing for the impressive tweet-fuelled +35% move triggered last Wednesday.
Critically, the upside surge saw TWT break back above the 200DMA, a level untouched for 215 days since March 4.
TWT bulls are now fighting to consolidate above the 200DMA ahead of the now highly anticipated announcement.
However, Trust Wallet's indicators could be ringing the warning bell as the RSI has over-heated substantially - currently reading a bearish 67.3 - a strong indication of impending retracement.
While the MACD has shown strength, displaying bullish divergence at 0.025 in the aftermath of the upside move.
Overall, Trust Wallet is in strong form here - despite indications that a retracement could grip the short-time-frame, powerful momentum has seen TWT smash back above moving average support - and this could set the stage for an impressive run upon the announcement news.
This leaves TWT with an upside target at $1.20 (a potential +23.4%).
While downside
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