Trust Wallet Token (TWT) Price Shows Signs of Recovery
The price of Trust Wallet Token (TWT) has experienced a 10% surge in just about a week, indicating a potential recovery rally. In the past day, TWT has risen by almost 5%, with momentum on the rise as indicated by the ascending Relative Strength Index (RSI). The position of the RSI at 58 and its upward movement suggest strong price strength and room for further growth before reaching the “overbought” level at 70. The Awesome Oscillators (AO) also support this bullish thesis, with histogram bars flashing green and attempting to enter the positive zone.
Breaking Resistance and Overcoming Roadblocks
If buying momentum continues to increase, Trust Wallet Token price could break through the resistance presented by the 50-day Exponential Moving Average (EMA) at $0.8126. This breakthrough would pave the way for TWT to escape from the descending trendline. However, there are two significant roadblocks that need to be overcome before Trust Wallet Token can be considered in an uptrend. These roadblocks are the confluences between horizontal lines and the 100- and 200-day EMAs at $0.8623 and $0.9650 levels respectively, representing areas of aggressive selling.
Possible Rejection and Downward Movement
On the other hand, if Trust Wallet Token is rejected from the descending trendline, followed by a repulsion from the 50-day EMA at $0.8126, its price could fall towards the support floor at $0.7308, resulting in a 10% drop from current levels. It appears that traders who bought TWT around $0.7567 before the rally began are already taking profits, which could hinder the upside momentum and trigger a downward movement.
Trust Wallet Extension Integration and New Crypto Startup
The Trust Wallet ecosystem recently announced the integration of the new Trust Wallet extension on Chrome Web Store, allowing users to actively swap between Ethereum virtual machine (EVM) ecosystems and access ledger support services. Meanwhile, TG.Casino, a new crypto startup launched by Jim AI Studios, presents an alternative to Trust Wallet Token. The project is in the presale stage and offers special rewards for buyers, including the opportunity to become a high roller.
Earn Passive Income with TGC Tokens
TG.Casino also provides income-earning opportunities through staking TGC tokens, which offer a high Annual Percentage Yield (APY) of 1109.45%. Additionally, there are various challenges and games available, such as the epic win challenge and multiplier showdown. TG.Casino does not require KYC verifications or wallet connections for playing, making it easily accessible for users.
Hot Take: Trust Wallet Token Recovery Rally Faces Resistance
While Trust Wallet Token shows signs of a recovery rally, it still faces resistance from key levels. Breaking through these resistance levels will be crucial for TWT’s upward movement. On the other hand, rejection and profit-taking could lead to a downward movement. Additionally, the integration of the Trust Wallet extension on Chrome Web Store offers added convenience for users. TG.Casino presents an alternative option for crypto gambling enthusiasts with its presale offering and income-earning opportunities through staking TGC tokens. However, caution should be exercised when considering investments or participating in the TG.Casino ecosystem.
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