TWT Technical Analysis Feb 1

TWT is stuck in a critical support zone at $0.68; with nearly 6% drop in the last 24 hours, the downtrend continues while RSI at 23 gives an oversold signal. This situation carries both rebound potential for upside and breakdown risk for downside, both scenarios depend on near-term breakouts.

Current Market Situation

TWT’s current price is trading around $0.68 and saw a 6.09% drop in the last 24 hours, trading in the $0.67-$0.75 range. Volume remains at a moderate level of $7.76 million, while the overall trend continues as downtrend. Technical indicators show RSI at 23.37 in the oversold region, increasing the likelihood of a short-term rebound, but MACD’s negative histogram confirms bearish momentum. Price is trading below EMA20 ($0.84) and Supertrend indicator gives a bearish signal, with the nearest resistance at $0.86. In multi-timeframe (MTF) analysis, a total of 12 strong levels were identified across 1D, 3D, and 1W timeframes: 1 support/1 resistance on 1D, 2S/2R on 3D, 2S/4R distribution on 1W, painting a balanced but slightly bearish picture. Critical support stands out at $0.6738 (strength score 78/100), resistance at $0.7035 (77/100). There are no major TWT-specific news in the market, general altcoin weakness prevails.

Scenario 1: Upside Scenario

How This Scenario Plays Out?

For the upside scenario, a clear break and close above the $0.7035 resistance is required first; if this level, a strong pivot in MTF, is supported by volume increase, it could trigger a momentum shift. RSI turning up from 23 to the 40-50 range, MACD histogram approaching zero and turning positive would be confirmation signals. Price trapped below EMA20 ($0.84) testing and breaking above this level, with Supertrend turning green, strengthens the scenario. If Bitcoin holds above $75,760 support, TWT could rebound with altcoin rotation. Volume increase of +50% and green candle formations (hammer or engulfing) are early warnings for this scenario. Cancellation criterion: Scenario becomes invalid if $0.6738 support breaks.

Target Levels

First target $0.86 Supertrend resistance, then $0.90 psychological level and main target $0.9896 from MTF (strength score 19). In the longer term, 1W resistances above $1.00 can be tested. Risk/reward ratio calculated from current levels looks attractive around 1:2.5, but always apply your own risk management.

Scenario 2: Downside Scenario

Risk Factors

The downside scenario is triggered by a daily close below $0.6738 support; this level is critical with high strength score (78/100) and a break could accelerate panic selling. MACD diving deeper into negative, RSI dropping below 20, and volume increasing with red candles indicate bearish continuation. Momentum solidifies with distance from EMA20 and Supertrend sloping downward. Bitcoin breaking $75,760 and heading to $72,919, along with rising BTC dominance, pressures altcoins. Risk factors include general market fear (high fear index) and spikes after low-volume drops. Cancellation criterion: Break and hold above $0.7035 resistance.

Protection Levels

First stop level below $0.6738, main target $0.50 range from MTF supports and final $0.4034 (strength score 22). 3D/1W supports in $0.55-$0.45 band provide additional protection. Current R/R ratio around 1:1.8, adjust position size accordingly in downside scenario.

Which Scenario to Watch?

Decision moment in the $0.6738-$0.7035 box; upside breakout confirmed by volume and RSI rebound as bullish, downside breakout by BTC correlation and MACD deepening as bearish. Wait for 4H closes for confirmation, use trailing stops against false breakouts. High nodes in volume profile ($0.70 and $0.67) act as pivots. Volatility is high in both scenarios, monitor news flow (e.g., TWT ecosystem updates).

Bitcoin Correlation

BTC at $77,348 in downtrend with Supertrend bearish; if $75,760 support breaks, +10% additional downside risk increases for altcoins like TWT. Conversely, if BTC breaks $78,793 resistance and heads to $81,807, it could trigger altcoin rally, with TWT benefiting from its RSI oversold. If BTC dominance rises (currently high), TWT remains under bearish pressure; BTC levels to watch: Supports $75,760/$72,919, resistances $78,793/$81,807. Altcoins reacted parallel to BTC’s 0.8% drop, correlation 0.85+.

Conclusion and Monitoring Notes

TWT’s critical box between $0.67-$0.70 will resolve; watch for $0.7035+ volume for bullish, $0.6738- close for bearish. RSI divergence, MACD crossover, and BTC movements are main triggers. Before taking positions, check TWT Spot Analysis and TWT Futures Analysis pages. Do your own analysis, market can change anytime – adopt an education-focused approach.