Trust Wallet is a mobile app that enables users to store crypto. The company’s native token was initially introduced on Binance Chain as a Bep-2 token, was later rebranded as a Bep-20 token on the Binance Smart Chain in 2020.
Investors in the Trust Wallet Token are bullish on the token because it has experienced an ROI of more than 162 times over the last two years.
TWT’s price increased in 2021 as a result of the crypto bubble, reaching its current all-time high (ATH) of $1.65 in September of that year.
Investors in TWT are confident that the future of TWT is bullish despite the recent crypto winter, which caused a drop in the price of most cryptocurrencies.
Trust Wallet Token (TWT): What is it?
The Trust Wallet mobile application’s utility token is called Trust Wallet Token. On the Binance Smart Chain, it is identified as TWT and is a Bep-20 token.
By staking or depositing their assets on decentralized finance (DeFi) pools, users who hodl their assets on the Trust wallet mobile applications can earn interest on the assets.
Due to its multi-chain nature, the Trust Wallet Token is also found on other blockchains, including Polygon, Ethereum, Avalanche, Solana, and others. Holders of TWT may use it to vote on proposals for governing body decisions.
When Viktor Radchenko learned there was no mobile wallet for cryptocurrencies on the Ethereum blockchain, he decided to create Trust Wallet. It was purchased by Binance Exchange in July 2018 for an undisclosed sum.
Current Market Situation for Trust Wallet Token (TWT)
According to CoinMarketCap, the Trust Wallet Token (TWT) has a 1,000,000,000 TWT maximum supply and a 416,649,900 TWT circulating supply.
TWT is currently trading for $2.28, an increase of 19.68% over the last days. TWT has seen a $602,164,657.80 increase in trading volume over the last 24 hours, or a 200.14% increase.
Trust Wallet Token (TWT) can be traded on some of the best cryptocurrency exchanges, including Binance, Kucoin, Gate.io, Mexc, and others.
Assuming you are familiar with TWT’s definition and current market situation, the price analysis of TWT for 2022 will be covered.
Trust Wallet Token (TWT) Price 2022
TWT currently ranks 70th on CoinMarketCap. Will the price of Trust Wallet Tokens (TWT) rise as a result of developments and upgrades within the Trust Wallet community? This is something we will see in this CoinEdition price analysis 2022 article.
Trust Wallet Token (TWT) Price Analysis – Keltner Channel
The Keltner Channel is a technical analysis indicator that measures volatility above and below candlesticks to determine trend direction.
TWT has been trading inside the first half of the Keltner Channel for three days in a row, with only a few retracements in the second half. Because the last candlestick is bullish, the price of TWT may continue to rise before a reversal occurs.
The above chart of Trust Wallet Token (TWT) laid out an ascending channel, also known as the rising channel. The upper and lower trendlines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally shows a characteristic of a bullish trend.
Currently, Trust Wallet Token (TWT) is at $1.16. If the pattern continues, the price of TWT might reach the resistance level of $2.4587. If the trend reverses, then the price of TWT may fall to $0.8802 and $0.5619.
The Trust Wallet Token (TWT) chart above shows an ascending channel, also known as the rising channel.
The upper and lower trendlines, which connect the higher highs and lower lows, appear to move in a rising slope. This pattern is typically associated with a bullish trend.
Trust Wallet Token (TWT) is currently worth $1.16. If the pattern holds, the price of TWT could reach the $2.4587 resistance level. If the trend continues, the price of TWT could fall to $0.8802 and $0.5619.
TWT Support and Resistance Levels
The chart below depicts the levels of support and resistance for Trust Wallet Token (TWT).
We can clearly interpret the following resistance and support levels for Trust Wallet Token based on the above daily time frame.
TWT has been on a bullish streak for the past month, according to the charts. If this trend continues, TWT may follow the bulls and break through its resistance level at $1.6567.
As a result, if investors turn against cryptocurrency, the price of TWT could fall to nearly $0.4679, indicating a bearish signal.
Trust Wallet Token (TWT) Price Prediction 2022 — RVOL, MA, and RSI
The chart below depicts the Relative Volume (RVOL) of Trust Wallet Token (TWT). It is a measure of how the current trading volume has changed over time in comparison to the previous volume for traders.
TWT’s RVOL is currently below the cutoff line, indicating that it is a weak participant in the current trend.
Furthermore, the above chart displays the Moving Average (MA) of Trust Wallet Token (TWT).
Notably, the TWT price is above the 50 MA (short-term), indicating that it is fully in an upward trend. TWT is currently in a bullish trend. TWT could experience a trend reversal at any time.
Meanwhile, the TWT’s relative strength index (RSI) stands at 56.23. This indicates that TWT is neither overbought nor oversold. However, this gives traders confidence to trade without fear.
Trust Wallet Token (TWT) Price Prediction 2022 — ADX, RVI
Let us now examine the Trust Wallet Token’s Average Directional Index (ADX).
Moreover, it helps in determining the overall strength of the trend. The indicator is the average of the values in the expanding price range.
This system attempts to measure the strength of price movement in both positive and negative directions through DMI indicators and ADX.
The ADX of the Trust Wallet Token is shown in the graph above (TWT). TWT is currently trading in the 26.23 range, indicating a strong trend.
The Trust Wallet Token’s Relative Volatility Index (RVI) can be seen in the above chart (TWT). The constant deviation of price changes over time is what the RVI gauges.
TWT’s RVI is under 50, which denotes low volatility. TWT’s RSI is actually at 56.23, confirming a possible buy signal.
Trust Wallet Token Price Prediction 2023
Trust Wallet Token (TWT) may reach $10 by 2023 if the trend of declining price action reverses and completely slows down.
Trust Wallet Token Price Prediction 2024
The network has undergone several upgrades, which could cause Trust Wallet Token (TWT) to move in a bullish direction. TWT may rise to $16 by 2024 if the coin attracts the interest of significant investors.
Trust Wallet Token Price Prediction 2025
Trust Wallet Token (TWT) would increase to $24 if major resistance levels are maintained and it remains the preferred investment choice for investors for the ensuing three years.
Bottom Line
We can say that 2022 is a good year for TWT because the Trust Wallet network is continually getting better. As a result, $2.4587 is the bullish price forecast for Trust Wallet Token (TWT) in 2022. Conversely, $0.4679 is the bearish price forecast for Trust Wallet Token (TWT) for 2022.
Additionally, as the Trust Wallet ecosystem develops and improves, the performance of the Trust Wallet Token (TWT) may reach $5, attracting investors’ attention. In the near future, it would also increase to surpass its all-time high (ATH), which is $1.64.
FAQ
1. What is Trust Wallet Token (TWT)?
The Binace Smart Chain’s Trust Wallet App, a mobile multi-cryptocurrency wallet app, uses the Trust Wallet Token (TWT) as its utility and governance token. TWT was first introduced as a BEP-2 token, and in October 2020 it was reintroduced as a BEP-20 token.
2. Where can you purchase Trust Wallet Token?
Many cryptocurrency exchanges, including Binance, BKEX, Cryptology, DigiFinex, Pionex, P2PB2B, Bitrue, Phemex, MEXC, and Pionex, have listed Trust Wallet Token (TWT).
3. Will Trust Wallet Token reach a new ATH soon?
The Trust Wallet platform is constantly being improved upon, so there is a good chance that Trust Wallet Token (TWT) will soon reach its ATH.
4. What is the current all-time high (ATH) of TWT?
Trust Wallet Token (TWT) hit a new all-time high (ATH) of $1.64 on September 5, 2021.
5. Is Trust Wallet Token a good investment in 2022?
One of the cryptocurrencies that appears to be gaining the most this year is Trust Wallet Token (TWT). TWT is regarded as a promising investment for 2022 based on Trust Wallet’s recent performance data.
6. Can Trust Wallet Token reach $5?
Trust Wallet Token (TWT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then TWT will hit $5 soon.
7. What will be Trust Wallet Token price by 2023?
Trust Wallet Token price is expected to reach $10 by 2023.
8. What will be Trust Wallet Token price by 2024?
TWT price is expected to reach $16 by 2024.
9. What will be Trust Wallet Token price by 2025?
TWT price is expected to reach $24 by 2025.
Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.
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