TWT Technical Analysis Feb 23

As TWT approaches critical supports at the 0.50$ level, pressure is increasing in the altcoin market along with Bitcoin’s sharp drop; although RSI at 34 gives an oversold signal, is the bullish histogram in MACD igniting short-term hope?

Market Overview and Current Situation

TWT is trading at the 0.50$ level with a 2.73% drop in the last 24 hours, squeezed in a daily range of 0.49$-0.52$. Volume remains low at 4.15 million dollars, while the overall trend continues under downward pressure. The altcoin market is affected by a general selling wave along with Bitcoin’s losses exceeding 4%. TWT remaining below its short-term EMA20 (0.56$) gives a bearish short-term signal, and the Supertrend indicator confirms the downward trend by pointing to the 0.63$ resistance.

Although volatility is increasing across the market, TWT is testing investor confidence with losses exceeding 10% in recent weeks. Despite no recent breaking news, developments in its ecosystem (such as Trust Wallet integrations) preserve long-term potential. However, the current downtrend is clearly visible on the 1D timeframe, and 9 strong levels have been identified with multi-timeframe confluence: 1 support/2 resistances on 1D, 1S/2R on 3D, and 2S/4R distribution on 1W. This structure increases the likelihood of consolidation or a deeper correction in the short term. You can access detailed charts by checking the TWT Spot Analysis.

In its current position, TWT is seeking a bottom with the strong support at 0.4526$ (score 73/100); in case of a breakdown, bearish targets may come into play. Although market sentiment is negative, the low RSI level may prepare the ground for a potential rebound. The decrease in volume indicates that big players are waiting on the sidelines, and this situation can be interpreted as a quiet storm before a volatility explosion.

Technical Analysis: Levels to Watch

Support Zones

The most critical support is at the 0.4526$ level (score 73/100), where a strong base forms with multi-timeframe confluence from 1D and 3D timeframes. This level is 10% above the recent weekly lows and carries intense buying traces in volume profiles. In case of a breakdown, secondary supports from the 1W timeframe may come into play, but with the current downtrend momentum, the risk of dropping below 0.40$ increases. Although support tests usually offer bounce opportunities, caution is advised due to Bitcoin correlation.

Support zones align with the 0.618 Fibonacci retracement level and are confirmed in pivot point analyses. Looking at historical data, 15-20% rebounds have been observed at similar supports, but persistence has been limited in general bear market conditions. Investors can use these levels in stop-loss strategies, but market dynamics can change quickly.

Resistance Barriers

The first resistance is at 0.5245$ (score 69/100), positioned near the daily pivot and EMA20. If this level is not overcome, the short-term bearish bias continues. The upper resistance at 0.5986$ (score 60/100) overlaps with Supertrend, forming a strong barrier; 4 resistance confluences from the 1W timeframe are concentrated here. In a bullish scenario, the 0.63$ Supertrend line becomes the key threshold.

If resistance tests fail without volume increase, it triggers selling pressure. These levels have been rejected on the recent 3D chart, and wicks have given sell signals. The TWT Futures Analysis page offers an ideal resource for tracking these resistances in leveraged trades.

Momentum Indicators and Trend Strength

RSI is at 34.09, close to the oversold region, which may give a short-term bottom signal but there is no divergence in the downtrend. MACD shows a positive histogram with bullish divergence; a signal line crossover would signal a momentum shift. EMAs are in bearish alignment: price below EMA20 (0.56$), with EMA50 and EMA200 also sloping downward. Although Supertrend gives a bearish signal, the histogram expansion is noteworthy.

Trend strength measured by ADX is around 25, confirming a medium-strength downtrend. Stochastic is oversold, Williams %R in the negative zone; together they carry potential reversal signals. On multi-timeframe, 1W trend is sideways while 1D is bearish, this mismatch can create trading opportunities. Volume oscillator is low, possibly an accumulation phase.

Overall momentum is balanced with bullish indicators despite bearish pressure. As the MACD histogram expands, a close above 0.52$ could trigger a trend reversal. However, volume-less rises could be traps, so wait for confluence.

Risk Assessment and Trade Outlook

Bullish target 0.7245$ (score 30), breaking resistance with R/R 1:2.5 potential; bearish target 0.2363$ (score 22), on support breakdown 1:3 R/R. Risks: BTC downtrend and low volume; opportunities: oversold bounce. Outlook is short-term bearish biased, breakdown below 0.45$ brings deep drop; above 0.52$ bullish flip.

Volatility 40%+, position sizing critical. For longs, 0.45$ support; for shorts, 0.52$ resistance. If market stays neutral, range trade: 0.45-0.52$. Long-term ecosystem strength is supportive, but macro risks dominate.

Bitcoin Correlation

BTC at 65,410$ level with 4% drop in downtrend, Supertrend bearish; this pressures altcoins like TWT with 0.8-0.9 correlation. BTC supports at 64,323$, 62,268$, 60,000$ critical; drop below delays altseason. Resistances 65,663$, 68,193$, 71,069$; BTC rebound could carry TWT to 0.55$.

BTC dominance increase accelerates altcoin sales; current trend supports TWT shorts. If BTC breaks below 64k, TWT drops to 0.40$, above 66k brings relief rally. Correlation high, watch BTC.