The post TWT Price Analysis: Will TWT Rise 25% This Uptober? appeared first on Coinpedia Fintech News
The TWT price displays a sharp increase in bullish momentum in the first few days of October. With the spirit of Uptober clearly visible in the TWT uptrend, the possibility of a prolonged uptrend is skyrocketing for Trust Wallet tokens.
Before the uptrend rally, the TWT coin price moved sideways between $0.80 and $0.95. However, the recent surge in buying pressure led to a bullish breakout of this consultation range, and currently, the retest phase is in motion.
With a phenomenal jump of 25% in the last 12 days, the TWT coin price exceeds the 50-day EMA and approaches the 200-day EMA. As it approaches the $1 mark, the coin price action did cross $1 on 8th October. However, due to the higher price rejection at $1.05, the prices return to the 200-day EMA.
Furthermore, the phenomenal uptrend increases the possibility of a golden crossover in the daily chart. This will increase the cha
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