Trust Wallet Token (TWT) is at a critical point, testing the support level of $0.72. This level will determine the token's direction for September.
Testing the $0.72 Support Level
$TWT is currently testing the $0.72 support level. This level represents an important border, as its breakout may lead to a decrease in the token's price. At present, the price hovers around $0.72, and there is growing pressure from sellers.
Pressure on $TWT and Trading Volume
Since mid-July, $TWT has formed a descending triangle, indicating a potential bearish trend. Trading volume peaked during a mid-August rally but has since significantly decreased. A drop below $0.72 with high volume could accelerate the move down toward the $0.65–$0.68 support zone.
Prospects for Trust Wallet Token
With a market cap of around $300 million, $TWT is one of the leading tokens on the BNB Chain. However, the current price dynamics reflect market indecision. September will be a crucial month for $TWT, with the potential for either a breakdown or a rebound.
The situation surrounding Trust Wallet Token requires vigilance. A break of the support or resistance level will significantly impact the token's price movement in September.
