Trust Wallet Token (TWT), much like an overly enthusiastic debutante at the ball, ascended grandly to the dizzying height of $1.33 before modestly retreating to a more agreeable $1.10. Despite this modest correction, it has nonetheless basked in the glow of a 37% increase within a mere 24 hours. The cause of this sudden popularity? A tweet from the illustrious Binance founder, Mr. CZ – though, let us not be deceived by mere social flutterings alone.
The learned scholars of technical analysis have declared this ascent was carefully plotted beforehand, like a well-scripted play. Upon meeting their intended targets, the more sensible traders, not unlike prudent ladies and gentlemen at a soirée, swiftly gathered their gains. Presently, all indications whisper of waning enthusiasm and an uptick in sellers, who, inevitably, disrupt the harmony of the market dance.
A Breakout Target Met, Followed by Heavy Profit-Taking
Upon the refined 2-day chart, the TWT price engaged in the charmingly predictable “inverse head-and-shoulders” pattern – a clichĂ© yet undeniably elegant communiquĂ© signalling a reversal and promising an immediate price goal.
The breakout was already in motion before Mr. CZ’s tweet appeared as the proverbial cherry atop this financial trifle. His words merely hastened the movement, propelling prices to the projected summit. Once surpassing $1.17, the original target, the clever traders presumably began to retire to their chambers, pockets heavier and smiles wider.
“TWT token started as an experiment. The FDV got too high quickly. They burned 99% of the supply, but didn’t have too many use cases for it. Now that’s expanding.”
– CZ 🔶 BNB (@cz_binance) September 19, 2025
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Alas, with such a spectacular ascent came a commensurate rush to cash in. Exchange net flows flipped dramatically from a melancholic -177,980 TWT on September 17 to a rather boastful +2.84 million merely two days thereafter – a staggering 1,600% increase resembling the eccentric behaviour of a debutante desperate to outdo her peers. Such a flood suggests that holders, not unlike those eager at the last dance, hurried to lock in their winnings, thereby drowning the market in near-term selling pressure.
One might expect the whales, those grand financiers with 10 to 100 million TWT in tow, to valiantly support the market, much like a noble patron at a soirée. Yet, quite the contrary: these leviathans have been steadily diminishing their hoard since early September, trimming it from 248.9 million to 241.4 million tokens, a veritable dumping of nearly $8.23 million at current prices.
And if fortune favours the bold, these grand holders too indulged in profit-taking, with another flurry of sales over the last 24 hours.
This descent marks a reduction in exposure by the large holders even before the modest retail buyers have dared to follow suit – a rather somber harbinger, for it leaves but little support to buffer the oncoming storm of sales.
Bearish Divergence Keeps the TWT Price Correction Risks High
Despite the fleeting exhilaration, the longer view demands prudence and careful consideration. Since the frost of December 2024, TWT’s price has established lower peaks whilst the Relative Strength Index (RSI) – that most reliable of indicators – has selfishly forged higher ones. This “bearish divergence” is a secret whisper, warning that momentum is not sufficiently stellar to provoke a genuine reversal, leaving the broader downtrend largely untouched.
The price chart plainly exhibits the danger zones. Support rests at $1.00, followed closely by $0.84 and $0.71. Should the price dare to sink beneath $0.71, poor TWT might tumble further to the lamentable depths of $0.63. Conversely, only a daily close above $1.42 – and, heaven help us, ideally $1.63 – would banish the bearish spectre and restore faith in this price rally’s prospects.
For the nonce, the Trust Wallet Token’s ascent resembles a well-rehearsed flourish, achieving its target before triggering a rapid exodus of profit-taking rather than a steadfast climb toward lasting glory. To avoid a deeper reproof in the form of price correction, remaining steadfast above $1.00 will be of utmost consequence.
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2025-09-20 02:12