Trust Wallet Token is Predicted to Drop to $2.13 By Dec 10, 2022

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 -4.59% today against the US Dollar
  • TWT/BTC decreased by -4.12% today
  • TWT/ETH decreased by -3.90% today
  • Trust Wallet Token is currently trading 9.37% above our prediction on Dec 10, 2022
  • Trust Wallet Token gained 89.47% in the last month and is up 195.32% since 1 year ago
Trust Wallet Token price $ 2.33
Trust Wallet Token prediction $ 2.13 (-8.39%)
Sentiment Neutral
Fear & Greed index 26 (Fear)
Key support levels $ 2.36, $ 2.28, $ 2.21
Key resistance levels $ 2.50, $ 2.58, $ 2.65

TWT price is expected to drop by -8.39% in the next 5 days according to our Trust Wallet Token price prediction

is trading at $ 2.33 after losing -4.59% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.41% in the same time period. TWT performed poorly against BTC today and recorded a -4.12% loss against the world’s largest cryptocurrency.

According to our Trust Wallet Token price prediction, TWT is expected to reach a price of $ 2.13 by Dec 10, 2022. This would represent a -8.39% price decrease for TWT in the next 5 days.

TWT Price Prediction Chart

Buy/Sell Trust Wallet Token

What has been going on with Trust Wallet Token in the last 30 days

Trust Wallet Token has been displaying a positive trend recently, as the coin gained 89.47% in the last 30-days. The medium-term trend for Trust Wallet Token has been bullish, with TWT increasing by 139.92% in the last 3 months. The long-term picture for Trust Wallet Token has been positive, as TWT is currently displaying a 195.32% 1-year price change. On this day last year, TWT was trading at $ 0.790350.

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 $ 2.52, while the cycle low is at $ 1.83. TWT has been displaying high volatility recently – the 1-month volatility of the coin is at 23.31. Trust Wallet Token recorded 15 green days in the last 30 days.

Trust Wallet Token technical analysis for today – Dec 05, 2022

The sentiment in the Trust Wallet Token markets is currently Neutral, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 2.36, $ 2.28 and $ 2.21, while $ 2.50, $ 2.58 and $ 2.65 are the key resistance levels.

Neutral sentiment for Trust Wallet Token

20 indicators are currently signaling a bullish prediction for Trust Wallet Token, while 11 indicators are showing a bearish forecast. With 65% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Trust Wallet Token.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 26 (Fear), which signals that investors have a negative 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 $ 2.43 (SELL) $ 2.43 (SELL)
MA5 $ 2.33 (BUY) $ 2.39 (SELL)
MA10 $ 2.18 (BUY) $ 2.28 (BUY)
MA21 $ 2.16 (BUY) $ 2.10 (BUY) $ 1.21 (BUY) $ 1.37 (BUY)
MA50 $ 1.59 (BUY) $ 1.74 (BUY) $ 0.960450 (BUY) $ 1.08 (BUY)
MA100 $ 1.27 (BUY) $ 1.44 (BUY) $ 0.830100 (BUY) $ 0.876029 (BUY)
MA200 $ 1.06 (BUY) $ 1.21 (BUY)
Period Value Action
RSI (14) 67.82 SELL
Stoch RSI (14) 100.00 SELL
Stochastic Fast (14) 87.66 SELL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 44.17 BUY
Awesome Oscillator (5, 34) 0.47 NEUTRAL
Momentum (10) 0.28 NEUTRAL
MACD (12, 26) 0.00 NEUTRAL
Williams Percent Range (14) -12.34 SELL
Ultimate Oscillator (7, 14, 28) 62.40 NEUTRAL
VWMA (10) 2.24 BUY
Hull Moving Average (9) 2.47 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 1.87 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 67.82, 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 below the SMA 50 trendline, which is a bearish 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 below the SMA 200, signaling that the market is currently bearish.

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 Neutral. TWT would have to decrease by -8.39% to hit our $ 2.13 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.

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