Trust Wallet Token (TWT) is currently trading at $1.014, reflecting a 24-hour decline of approximately 2.96%. The daily trading range has been tight, with a high of $1.047 and a low of $1.008, indicating limited volatility amid the current selling pressure.

The trading volume over the past 24 hours stands at 11,872,272, representing 2.81% of the market cap, suggesting a moderate level of market interest. However, the downward trend is underscored by the hourly moving averages, with the 8 SMA at $1.02 reflecting a decrease of 0.48% and the 144 SMA at $1.07 indicating a more significant decline of 4.94%.

The Relative Strength Index (RSI) data provides further insight into the market sentiment, with the 1-hour RSI at 18, indicating extreme oversold conditions. In contrast, the 7-day RSI at 45 suggests a neutral trend but highlights a potential weakness given the recent negative price changes of 3.92% over the week and 13.69% over the past 14 days.

Fundamentally, TWT's all-time high of $2.72 reached in December 2022 highlights the significant potential for recovery, but the current trajectory indicates sustained bearish sentiment. Given the ongoing decline in both short-term and long-term price changes, coupled with an oversold RSI condition, market participants may be cautious about entering new positions.

In conclusion, the current data reflects a bearish outlook for TWT, with continued downward pressure likely in the short term. Therefore, the recommendation is to Hold until a clearer reversal pattern emerges, potentially indicated by a stabilization above the $1.02 mark in conjunction with improved RSI readings.