Trust Wallet Token is Trading -8.73% Below Our Price Prediction for Mar 02, 2023
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Trust Wallet Token is down -3.45% today against the US Dollar
- TWT/BTC decreased by -2.81% today
- Trust Wallet Token is currently trading 8.73% below our prediction on Mar 02, 2023
- Trust Wallet Token dropped -11.90% in the last month and is up 182.91% since 1 year ago
| Trust Wallet Token price | $ 1.34 |
| Trust Wallet Token prediction | $ 1.47 (9.56%) |
| Sentiment | Bearish |
| Fear & Greed index | 52 (Neutral) |
| Key support levels | $ 1.37, $ 1.34, $ 1.31 |
| Key resistance levels | $ 1.42, $ 1.46, $ 1.48 |
TWT price is expected to rise by 9.56% in the next 5 days according to our Trust Wallet Token price prediction
Trust Wallet Token price today is trading at $ 1.34 after losing -3.45% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.79% in the same time period. TWT performed poorly against BTC today and recorded a -2.81% loss against the world’s largest cryptocurrency.
According to our Trust Wallet Token price prediction, TWT is expected to reach a price of $ 1.47 by Mar 02, 2023. This would represent a 9.56% price increase for TWT in the next 5 days.
TWT Price Prediction Chart
What has been going on with Trust Wallet Token in the last 30 days
Trust Wallet Token has been displaying a negative trend recently, as the coin lost -11.90% in the last 30-days. The medium-term trend for Trust Wallet Token has been bearish, with TWT dropping by -33.49% in the last 3 months. The long-term picture for Trust Wallet Token has been positive, as TWT is currently displaying a 182.91% 1-year price change. On this day last year, TWT was trading at $ 0.474200.
Trust Wallet Token reached its all-time high price on Nov 14, 2022, when the price of TWT peaked at $ 2.73. The current TWT cycle high is $ 1.85, while the cycle low is at $ 1.25. TWT has been displaying low volatility recently – the 1-month volatility of the coin is at 7.14. Trust Wallet Token recorded 17 green days in the last 30 days.
Trust Wallet Token technical analysis for today - Feb 25, 2023
The sentiment in the Trust Wallet Token markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 1.37, $ 1.34 and $ 1.31, while $ 1.42, $ 1.46 and $ 1.48 are the key resistance levels.
Bearish sentiment for Trust Wallet Token
4 indicators are currently signaling a bullish prediction for Trust Wallet Token, while 24 indicators are showing a bearish forecast. With 86% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Trust Wallet Token.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 52 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Trust Wallet Token moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Trust Wallet Token is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 1.42 (SELL) | $ 1.39 (SELL) | - | - |
| MA5 | $ 1.45 (SELL) | $ 1.42 (SELL) | - | - |
| MA10 | $ 1.45 (SELL) | $ 1.44 (SELL) | - | - |
| MA21 | $ 1.48 (SELL) | $ 1.47 (SELL) | $ 1.56 (SELL) | $ 1.50 (SELL) |
| MA50 | $ 1.52 (SELL) | $ 1.52 (SELL) | $ 1.19 (BUY) | $ 1.27 (BUY) |
| MA100 | $ 1.72 (SELL) | $ 1.54 (SELL) | $ 0.960275 (BUY) | $ 1.03 (BUY) |
| MA200 | $ 1.40 (SELL) | $ 1.42 (SELL) | - | - |
| Period | Value | Action |
| RSI (14) | 41.41 | NEUTRAL |
| Stoch RSI (14) | 80.25 | SELL |
| Stochastic Fast (14) | 22.33 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 6.92 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.09 | NEUTRAL |
| Momentum (10) | -0.04 | SELL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -77.67 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 41.48 | NEUTRAL |
| VWMA (10) | 1.45 | SELL |
| Hull Moving Average (9) | 1.46 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 1.55 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Trust Wallet Token is at 41.41, suggesting that TWT is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Trust Wallet Token over the last 50 days. Currently, Trust Wallet Token is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the TWT closing price for the last 200 days. TWT is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Trust Wallet Token prediction
After considering the above factors, we can conclude that the current forecast for Trust Wallet Token price prediction is Bearish. TWT would have to increase by 9.56% to hit our $ 1.47 target within the next five days. Moving forward, it will be important to monitor the TWT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Trust Wallet Token price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
