Trust Wallet Token (TWT) is currently priced at $1.074, reflecting a 6.32% increase over the last 24 hours, suggesting bullish momentum in the short term. The price has fluctuated between $1.004 and $1.084 in the same timeframe, indicating a daily range of 0.08%, which points to a relatively stable trading environment.

The trading volume of approximately 28.02 million indicates a Vol/Market Cap ratio of 6.26%, suggesting that TWT is experiencing healthy trading activity relative to its market capitalization. The hourly moving averages show an upward trend, with the 55 SMA reflecting a significant gain of 9.36%, further corroborating the bullish sentiment in the short term.

The 1-hour RSI is at 75, indicating that TWT is potentially overbought in the immediate term, which could lead to a price correction. Conversely, the 7-day RSI sits at 50, suggesting that over a longer period, TWT is neither overbought nor oversold, indicating a more balanced market stance.

Despite the recent short-term gains, the 7-day, 14-day, and 30-day price changes are negative, at -1.47%, -4.91%, and -6.51%, respectively. This trend indicates that while TWT is experiencing short-term bullish activity, the longer-term outlook remains concerning, with a downward trajectory in the past month.

The all-time high of $2.72 from December 2022 serves as a significant resistance level, and current price action suggests that TWT has a long way to go to reclaim previous highs. However, the current price is more than 60% below this peak, indicating potential for growth if bullish momentum can be sustained.

In conclusion, while Trust Wallet Token shows positive short-term momentum, the longer-term indicators suggest caution due to negative price trends over the past month. Therefore, the recommendation is to hold TWT at this point, monitoring for further bullish signals before considering a buy.