Trust Wallet’s TWT Token Surges Ahead of Teased Announcement
In the latest upward movement, Trust Wallet’s native TWT token has experienced a significant gain of 30%. This surge aims to reclaim lifeline support from the 200-day moving average (200DMA). Trust Wallet, a popular cryptocurrency wallet, has been witnessing a flurry of development activity on the Binance Smart Chain (BSC), making it the most actively developed project on BSC in the past 30 days. The recent price action was further strengthened by an announcement on Trust Wallet’s official Twitter page, teasing an upcoming major release. However, the details of this release remain sparse.
The current trading price of TWT stands at $0.96, indicating a 24-hour change of -3.98%. Despite this temporary downside pressure caused by a retracement, Trust Wallet’s price had earlier tested the upper trendline resistance around $1. The support from the 20-day moving average (20DMA) played a crucial role in initiating a +35% move triggered last Wednesday. This impressive surge enabled TWT to break back above the 200DMA, a level that had remained untouched for 215 days since March 4. The bulls are currently striving to consolidate the price above the 200DMA in anticipation of the highly awaited announcement.
However, some indicators on Trust Wallet’s chart could signal a potential retracement. The Relative Strength Index (RSI) has reached a bearish value of 67.3, indicating overbought conditions and suggesting an impending pullback. On the other hand, the Moving Average Convergence Divergence (MACD) has shown strength, displaying bullish divergence at 0.025 after the recent upside move. Despite the possibility of a short-term retracement, the powerful momentum has allowed TWT to regain support from moving averages, setting the stage for a potentially impressive run upon the announcement news.
According to technical analysis, Trust Wallet’s upside target stands at $1.20, indicating a potential gain of 23.4%. On the downside, a fall to $0.90 is also possible, representing a risk of -7.45%. Therefore, Trust Wallet presents a risk-to-reward ratio of 3.14, showcasing a strong entry point with significant upside potential. Investors and traders are eagerly anticipating the upcoming announcement from Trust Wallet, which could further drive the price higher.
Frequently Asked Questions (FAQs)
What is Trust Wallet’s TWT token?
TWT is the native token of Trust Wallet, a popular cryptocurrency wallet. It is used within the Trust Wallet ecosystem for various purposes, including governance, staking, and accessing certain features.
Why has TWT experienced a surge in price?
The recent surge in TWT’s price can be attributed to a combination of factors. Trust Wallet has witnessed significant development activity on the Binance Smart Chain (BSC), making it the most actively developed project on BSC in the past 30 days. Additionally, an announcement regarding an upcoming major release has created excitement among investors, leading to increased buying pressure.
What are the potential risks and rewards of investing in Trust Wallet’s TWT token?
As with any investment, there are potential risks and rewards associated with Trust Wallet’s TWT token. The upside potential is significant, with a target price of $1.20, representing a potential gain of 23.4%. However, there is also a downside risk, with the price potentially falling to $0.90, resulting in a possible loss of -7.45%. It is important for investors to carefully consider these factors before making any investment decisions.
How can I buy Trust Wallet’s TWT token?
To buy TWT, follow these steps:
- Go to Trust Wallet’s official website.
- Create a crypto wallet that supports ERC-20 tokens.
- Purchase Ethereum (ETH) or Tether (USDT), as these tokens are used to exchange for TWT.
- Connect your wallet to Trust Wallet’s presale dashboard.
- Select the desired amount of TWT you want to buy and confirm the trade.
- After the presale ends, you can claim your purchased tokens on Trust Wallet’s homepage.
Please note that investing in cryptocurrencies is risky, and you should conduct thorough research and consider your risk tolerance before making any investments.
TG Casino: Introducing the Fastest Growing GambleFi Crypto Presale
As Telegram trading bots and GambleFi gain popularity, TG.Casino ($TGC) is emerging as a promising project in the space. The presale for TG.Casino has raised a significant amount of $670,000 within just a few days. It is gaining attention due to its unique approach of integrating a fully licensed casino into Telegram, which has over 700 million users.
TG.Casino is not just another Telegram bot pump-and-dump scheme. It offers a comprehensive ecosystem that combines the excitement of the casino world with the benefits of blockchain technology. With thousands of live casino games, slot machines, table games, and an expansive sportsbook, TG.Casino provides an immersive gambling experience. Additionally, it offers a no-KYC protocol, making it easy for both newcomers and experienced crypto users to participate.
The security of users‘ data and funds is a top priority for TG.Casino. All data and funds are encrypted, ensuring robust protection against potential threats. The $TGC token plays a crucial role within the TG.Casino ecosystem, facilitating instant transactions and serving as the heart of the platform.
The presale of TG.Casino is attracting attention due to its staking APY (Annual Percentage Yield) of 3,446%. This high APY has led to a significant influx of investors, with over a million tokens staked within a day of the presale launch. The project has also implemented a well-conceived buyback mechanism to ensure price stability and regular rewards for investors.
To buy TG.Casino early, follow these steps:
- Visit TG.Casino’s official website.
- Set up a crypto wallet that supports ERC-20 tokens.
- Purchase Ethereum (ETH) or Tether (USDT) as these tokens can be exchanged for TGC.
- Connect your wallet to TG.Casino’s presale dashboard.
- Select the desired amount of TGC tokens you want to buy (minimum investment is 1,000 TGC) and confirm the trade.
- After the presale ends, you can claim your purchased tokens on TG.Casino’s homepage.
Disclaimer: Investing in cryptocurrencies carries a high level of risk, and this article is provided for informational purposes only and should not be considered investment advice. Investors should carefully consider their risk tolerance and conduct thorough research before making any investment decisions.
