Trust Crypto Wallet’s latest announcement of bringing tokenized real-world assets (RWAs) to its over 200 million users has stirred excitement. Still, the Trust Wallet Token (TWT) price is telling a different story in the short term.
Over the last 24 hours, TWT dropped by 5.7%, trading around $0.77, with bearish momentum building as the token struggles to hold key technical levels. This decline is not isolated, as it reflects a broader altcoin rotation and micro liquidity issues within the wallet token segment.
TWT Suffers From Sector Rotation and Low Liquidity Bite
Trust Wallet Coin’s current 24-hour trading volume stands at just over $11.11 million, corresponding to a volume-to-market capitalization ratio of 3.38%, indicating shallow liquidity. This makes the token more vulnerable to downward price swings when sellers step in.
Meanwhile, competitors are capturing attention. WalletConnect Token (WCT), despite also crashing by 9.52% today, currently boasts a much healthier volume ratio of 78.59% with a trading volume of over $55 million. This indicates that trader interest has shifted toward higher-liquidity wallet projects for now.
Adding to this, the broader crypto market fell 3.42% today, while Bitcoin dominance rose from 63.17% to 63.45%, indicating a clear rotation from altcoins into safer majors. That macro pressure also weighed on mid-cap tokens like the Trust Crypto Wallet token.
Trust Wallet Token Technical Analysis
From a technical view, TWT remains under key resistance at $0.83, which aligns with both the 50% Fibonacci retracement level and the 50-day Simple Moving Average (SMA) of $0.822. Until this level is reclaimed on a closing basis, upside potential remains limited.
The latest TradingView technical analysis (weekly) shows a “Sell” signal with 15 indicators flashing Sell, only 1 Buy, and 10 Neutral. Moving Averages paint an even bleaker picture, with 14 out of 15 showing strong sell pressure.
Momentum indicators like the MACD remain bearish, and the RSI sits at 42, signaling no clear reversal zone. Moreover, the 10-day EMA has crossed below the 50-day EMA, confirming short-term bearish momentum.
On the daily chart, TWT broke below the oblique support trendline near $0.79, putting it in danger of revisiting the lower Bollinger Band around $0.75.
The sentiment in the crypto market has also dipped slightly. The Crypto Fear & Greed Index slid from 65 to 61, still in the “Greed” zone but cooling. This softening risk appetite has disproportionately impacted mid-cap altcoins like TWT.
RWA Catalyst: Long-Term Bullish, Short-Term Discounted
The longer-term catalyst remains compelling. Trust Wallet’s plan to integrate RWAs, enabling real-world asset ownership on-chain, has the potential to significantly boost TWT’s utility and demand, especially among its over 200 million users. But in the short term, this narrative has yet to translate into price action.
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