TWT’s Price Positions Above the 9,20 and 50 Daily EMA Lines

TWT’s Price Positions Above the 9,20 and 50 Daily EMA Lines

• TWT is currently on CoinMarketCap’s trending list.
• The altcoin’s price rose 15.31% over the last 24 hours.
• TWT’s price is currently trading above the 9,20 and 50 daily EMA lines.

Trust Wallet Token (TWT) has made it onto CoinMarketCap’s trending list today. According to the crypto market tracking website, TWT is currently trading hands at $2.17 after a 15.31% increase in price over the last 24 hours. The altcoin reached a high of $2.39 and a low of $1.83 over the same time period.

The past week has also been good to the altcoin’s price as it is up more than 90% over the last seven days. In addition to this, TWT is also in the green by 99.43% over the last month.

Lastly, TWT’s 24-hour market cap is also in the green and currently stands at $412,838,312 at press time after a more than 50% increase. With its market cap of $910,219,260, TWT is currently the 44th biggest cryptocurrency in terms of market capitalization. This places the crypto right behind Pax Dollar (USDP) in the 43rd position and in front of ApeCoin (APE) in the 45th position.

Daily chart for TWT/USDT (Source: CoinMarketCap)

The price of TWT entered into a multi-day positive sequence from November 10 2022 to 14 November 2022. This sequence saw the price of TWT impulse from a low of $1.0308 to a high of $2.7377. As a result, the price of TWT is trading above the daily 9,20 and 50 EMA lines.

While on the topic of daily EMAs, all 3 of the aforementioned daily EMA lines indicate strong bullish momentum as the 9 EMA is positioned above the 20 EMA line and the 20 EMA line is positioned above the 50 EMA.

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