Trust Wallet Token (TWT) is currently trading at $1.09, reflecting a modest 24-hour increase of 1.62%. The daily price range has been tight, oscillating between a low of $1.047 and a high of $1.09, indicating a consolidation phase.

Trading volume over the past 24 hours stands at approximately 15.26 million, contributing to a volume-to-market cap ratio of 3.36%. This level of trading activity suggests moderate investor interest, although it is not indicative of a strong breakout or breakdown in price action.

Moving averages reveal a bullish short-term trend, with the 8, 13, and 21-period SMAs all showing positive percentage changes. The longer-term 144 SMA is flat at $1.09, suggesting a potential resistance level that needs to be breached for further upward momentum.

The 1-hour RSI is currently at 65, indicating that TWT is approaching overbought territory, which could prompt a pullback in the near term. Conversely, the 7-day RSI is at 47, suggesting that the token is not yet oversold, allowing for some room for price recovery.

Over the last week, TWT has experienced a price decline of approximately 3.41%, while the 14-day and 30-day changes are more substantial at -15.19% and -14.96%, respectively. This trend indicates bearish momentum over a longer timeframe, which may weigh on investor sentiment.

The all-time high for TWT remains at $2.72, achieved in December 2022, highlighting significant downward pressure since then. The current price is roughly 60% lower than this peak, suggesting that while there is potential for recovery, substantial resistance will be encountered.

Given the current technical indicators and the recent price movements, a cautious approach is warranted. The current price point reflects some short-term bullishness but is overshadowed by a longer-term bearish trend.

Rating: Hold. The mixed signals from short-term indicators and the longer-term downtrend suggest that investors should monitor TWT closely but avoid new positions until clearer bullish trends emerge.