- Bullish TWT price prediction for 2023 is $1.0076 to $1.3844.
- Trust Wallet Token (TWT) price might reach $2 soon.
- Bearish TWT price prediction for 2023 is $0.4894.
In this Trust Wallet Token (TWT) price prediction 2023, 2024-2030, we will analyze the price patterns of TWT by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
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INTRODUCTION |
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TRUST WALLET TOKEN (TWT) PRICE PREDICTION 2023 |
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| TRUST WALLET TOKEN (TWT) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Trust Wallet Token (TWT) Current Market Status
| Current Price | $0.7783 | 24 – Hour Price Change | 2.28% Down |
| 24 – Hour Trading Volume | $22,925,613 |
| Market Cap | $324,428,280 |
| Circulating Supply | 416,649,900 TWT | All – Time High | $2.72 (Dec 12, 2022) |
| All – Time Low | $0.006478 (On Jul 31, 2020) |
What is Trust Wallet Token (TWT)
| TICKER | TWT |
| BLOCKCHAIN | Ethereum |
| CATEGORY | Governance Token |
| LAUNCHED ON | November 2017 |
| UTILITIES | Governance, security, gas fees & rewards |
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 2023, 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 24H Technicals
(Source: TradingView)
Trust Wallet Token (TWT) Price Prediction 2023
Trust Wallet Token (TWT) ranks 88th on CoinMarketCap in terms of its market capitalization. The overview of the Trust Wallet Token price prediction for 2023 is explained below with a daily time frame.
TWT/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Trust Wallet Token (TWT) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Trust Wallet Token (TWT) was recorded at $0.7783. If the pattern trend continues, then the price of TWT might reach the resistance levels of $0.9905, and $1.8894. If the trend reverses, then the price of TWT may fall to the support of $0.7099.
Trust Wallet Token (TWT) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Trust Wallet Token (TWT) in 2023.
TWT/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Trust Wallet Token (TWT) for 2023.
| Resistance Level 1 | $1.0076 |
| Resistance Level 2 | $1.3844 |
| Support Level 1 | $0.7107 |
| Support Level 2 | $0.4894 |
TWT Resistance & Support Levels
Trust Wallet Token (TWT) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Trust Wallet Token (TWT) are shown in the chart below.
TWT/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Trust Wallet Token (TWT) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.8692Price = $0.7816 (50MA > Price) |
Bearish(Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 41.25 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Trust Wallet Token (TWT) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Trust Wallet Token (TWT) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
TWT/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Trust Wallet Token (TWT).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 23.6373 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 49.92
<50 = Low |
Low Volatility |
Comparison of TWT with BTC, ETH
Let us now compare the price movements of Trust Wallet Token (TWT) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs TWT Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of TWT is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of TWT also increases or decreases respectively.
Trust Wallet Token (TWT) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Trust Wallet Token (TWT) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Trust Wallet Token (TWT) Price Prediction 2024 | $3 | $1.5 |
| Trust Wallet Token (TWT) Price Prediction 2025 | $4 | $1.3 |
| Trust Wallet Token (TWT) Price Prediction 2026 | $5 | $1.2 |
| Trust Wallet Token (TWT) Price Prediction 2027 | $6 | $1.1 |
| Trust Wallet Token (TWT) Price Prediction 2028 | $7 | $1 |
| Trust Wallet Token (TWT) Price Prediction 2029 | $8 | $0.8 |
| Trust Wallet Token (TWT) Price Prediction 2030 | $9 | $0.5 |
Conclusion
If Trust Wallet Token (TWT) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Trust Wallet Token (TWT) price prediction for 2023 is $1.3844. Comparatively, the bearish Trust Wallet Token (TWT) price prediction for 2023 is $0.4894.
If there is a positive elevation in the market momentum and investors’ sentiment, then Trust Wallet Token (TWT) might hit $2. Furthermore, with future upgrades and advancements in the Trust Wallet Token ecosystem, TWT might surpass its current all-time high (ATH) of $2.72 and mark its new ATH.
FAQ
1. What is Trust Wallet Token (TWT)?
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.
2. Where can you buy Trust Wallet Token (TWT)?
Trust Wallet Token (TWT) has been listed on many crypto exchanges which include Binance, OKX, Deepcoin, Bybit, and Cointr Pro.
3. Will Trust Wallet Token (TWT) record a new ATH soon?
With the ongoing developments and upgrades within the Trust Wallet Token platform, Trust Wallet Token (TWT) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Trust Wallet Token (TWT)?
Trust Wallet Token (TWT) hit its current all-time high (ATH) of $2.72 on Dec 12, 2022.
5. What is the lowest price of Trust Wallet Token (TWT)?
According to CoinMarketCap, TWT hit its all-time low (ATL) of $0.006478 on Jul 31, 2020.
6. Will Trust Wallet Token (TWT) hit $2?
If Trust Wallet Token (TWT) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be the Trust Wallet Token (TWT) price by 2024?
Trust Wallet Token (TWT) price might reach $3 by 2024.
8. What will be the Trust Wallet Token (TWT) price by 2025?
Trust Wallet Token (TWT) price might reach $4 by 2025.
9. What will be the Trust Wallet Token (TWT) price by 2026?
Trust Wallet Token (TWT) price might reach $5 by 2026.
10. What will be the Trust Wallet Token (TWT) price by 2027?
Trust Wallet Token (TWT) price might reach $6 by 2027.
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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.
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- Source: https://thenewscrypto.com/trust-wallet-token-twt-price-prediction
