Trust Wallet Token (TWT) is currently trading at $1.17, reflecting a 3.18% increase over the past 24 hours. The daily price range has been relatively narrow, oscillating between a low of $1.13 and a high of $1.17, indicating limited volatility.

The trading volume stands at approximately 18.15 million, which translates to a volume-to-market cap ratio of 3.73%. This suggests moderate trading activity, but not enough to indicate strong buying or selling pressure at this price level.

Looking at the hourly moving averages, the 55-period SMA is showing a stronger upward trend at +3.02%, while other short-term SMAs exhibit modest gains. The 1-hour RSI is at 54, indicating a neutral sentiment, while the 7-day RSI at 49 suggests slight bearish pressure as it hovers near the oversold territory.

Over the past week, TWT has decreased by approximately 6.91%, reflecting a broader negative trend, but the 14-day price change of nearly 1% indicates some stabilization in the near term. However, the 30-day price change shows a significant decline of about 12.66%, suggesting ongoing weakness in the longer time frame.

TWT is trading significantly below its all-time high of $2.72 set in December 2022, indicating that there is substantial room for growth if market conditions improve. Overall, the current technical indicators suggest a mixed outlook, with signs of both recovery potential and persistent short-term weakness.

Given the current price action, volume metrics, and RSI readings, the recommendation for Trust Wallet Token is to Hold. This decision reflects the need for caution due to the recent downtrend, while also considering the possibility of a rebound in the near future.