Trust Wallet Token’s Rally Hits a Wall: Profit-Taking Jumps 1,600%

Trust Wallet Token (TWT) surged to $1.33 before correcting and is now trading near $1.10. It is still up 37% in the last 24 hours. The TWT price rally was widely tied to a fresh tweet from Binance founder CZ, but the real driver wasn’t just social hype.

Technicals show the breakout was primed in advance. Once targets were met, traders quickly booked profits. Now, the signs point to cooling momentum and rising selling pressure.

A Breakout Target Met, Followed by Heavy Profit-Taking

On the 2-day chart, the TWT price had been forming an inverse head-and-shoulders pattern. It is a classic setup that often signals a reversal, and that too with an immediate price target.

TWT Price Target: TradingView

The breakout was already in play before CZ’s quote re-tweet. The tweet simply accelerated the move and sent prices straight into the pattern’s projected target. Once that target was hit above $1.17 (the original target), smart traders supposedly began cashing out.

TWT token started as an experiment. The FDV got too high quickly. They burned 99% of the supply, but didn't have too many use cases for it. Now that's expanding. https://t.co/muNXgM14tX

— CZ