Trust Wallet (TWT) is currently trading at $1.16, reflecting a 5.18% increase over the past 24 hours. The price has oscillated between a low of $1.10 and a high of $1.17 during this period, indicating a relatively stable daily range of 0.07%.

The trading volume of 22,827,171 suggests active market participation, with a volume-to-market cap ratio of 4.70%, indicating healthy liquidity. Technical indicators show that the hourly moving averages are trending upwards, with the 8 SMA at $1.14 reflecting a gain of 1.73% and the 13 SMA at $1.13 up by 2.34%, which suggests short-term bullish momentum.

However, the 1-hour RSI is elevated at 75, indicating potential overbought conditions that could lead to a price correction in the short term. The 7-day RSI at 48 suggests that TWT is nearing neutral territory, while the recent 7-day price change of -5.97% indicates a pullback that could present buying opportunities if supported by bullish fundamentals.

On a longer-term perspective, the 14-day price change is up 4.71%, but the 30-day price change shows a significant decline of 14.37%, highlighting a broader bearish trend. The all-time high for TWT remains at $2.72, established in December 2022, suggesting substantial room for growth if bullish sentiment returns.

Considering the combination of short-term bullish momentum against overbought conditions and the longer-term price trends, the current market position of TWT suggests a Hold rating. This is advised to monitor the potential for a pullback in the short term while maintaining a longer-term outlook for potential recovery towards previous highs.