Trust Wallet (TWT) is currently priced at $1.058, reflecting a significant 24-hour decrease of 6.09%. The price is currently nearing its daily low of $1.047, indicating bearish momentum as it struggles to maintain levels above $1.05.

The trading volume stands at approximately $26.26 million, representing 5.96% of the market cap, which suggests a moderate interest in the asset despite the recent downturn. The hourly moving averages also reflect a downward trend, with the 8 SMA at $1.09 showing a decline of 3.28%, while longer-term averages such as the 144 SMA at $1.14 indicate a more pronounced weakness at 7.04%.

Technical indicators such as the 1-hour RSI at 36 and the 7-day RSI at 44 indicate that TWT is approaching oversold conditions but lacks momentum for a substantial recovery. With a 7-day price change of -8.93% and a 30-day price change of -16.04%, the asset shows a consistent downtrend, making it essential to assess the potential for a reversal before entering new positions.

Historically, TWT reached an all-time high of $2.72 in December 2022, but its current price reflects a significant retracement of over 61% from that peak. Given the ongoing bearish sentiment and lack of bullish momentum, further downside risk is possible, especially if the price breaks below the immediate support at $1.047.

In conclusion, the combination of bearish price action, declining moving averages, and weak RSI signals suggest that TWT may continue to face challenges in the short term. Therefore, the recommendation is to Hold at this stage, as potential support levels could provide opportunities for a rebound, but entering new positions should be approached with caution until clearer bullish signals emerge.