- Trust Wallet Token has printed a higher low, indicating price strength and growing demand among market participants.
- Key resistance at $1.10 is pivotal, with breakout targets identified at $1.62-$1.82 (T1) and $2.73 (T2).
- Rounded bottom patterns and strong momentum indicators support the likelihood of an upward breakout for TWT.
Trust Wallet Token (TWT) is displaying promising technical movements, indicating a potential breakout. The asset recently established a notable higher low, signifying strength in its price structure. Current analysis shows that TWT could be positioned for upward movement, targeting resistance levels in the short and medium term.
Higher Low Formation Signals Strength
The recent higher low formation is a critical indicator of potential upward price movement for $TWT. This technical structure demonstrates that buyers have been defending the price at higher levels than previous lows. This trend often signals growing confidence among market participants and is a precursor to potential breakouts.
In a chart generated by Crypto Bullet, TWT has established a resistance zone around $1.10, with potential breakout targets identified at $1.62-$1.82 (T1) and $2.73 (T2). The price is currently trading near the resistance level, suggesting pressure is mounting for an upward movement.
Source: CryptoBullet(X)
The higher low pattern aligns with a rounded bottom structure, steadily recovering after the earlier decline. If TWT breaches the $1.10 resistance, it could move toward the $1.62-$1.82 target range in the short term, followed by the extended target of $2.73.
Breakout Levels to Watch as Indicators Support Momentum
Based on the current price analysis, TWT is approaching a potential breakout zone. The initial target range (T1) is set at $1.62 to $1.82. If the token successfully breaks above this level, it could pave the way for a further rally. The secondary target range (T2) is identified at $2.73, offering a more extended price goal.
Momentum indicators align with the potential breakout scenario for TWT. The higher low pattern, combined with sustained price action near resistance levels, reinforces the likelihood of an upward move.
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