Trust Wallet (TWT) is currently priced at $0.57243, reflecting a notable 9.99% increase over the last 24 hours. The daily trading range has been between $0.512041 and $0.57347, indicating strong volatility and investor interest in the asset.

The trading volume stands at 17,948,160, representing 7.53% of the market cap, which suggests healthy liquidity. Short-term moving averages show a bullish trend, with the 8 SMA at $0.5503 (+4.02%) and the 13 SMA at $0.5413 (+5.74%), indicating upward momentum in recent price action.

The 1-hour RSI is at an extremely high level of 99, suggesting potential overbought conditions in the very short term. However, the 7-day RSI at 60 reflects a more balanced perspective, indicating that there is still room for upward movement without immediate bearish pressure.

Despite a strong 7-day price change of approximately 9.81%, TWT has experienced significant declines over longer timeframes, with a 14-day drop of about 14.36% and a 30-day drop of 39.35%. This suggests that while the recent uptick is positive, TWT remains below historical performance levels.

The all-time high for TWT was $2.72 in December 2022, indicating substantial downside from current prices. The combination of technical indicators, including the bullish short-term moving averages and high volume, contrasts with the overbought RSI and broader downtrends.

Given the current technical setup, the bullish short-term momentum could lead to further gains, but the risk of a pullback due to overbought conditions is evident. Therefore, the recommendation is to Hold TWT at this stage, allowing for potential short-term profit-taking while monitoring for any significant shifts in market sentiment.