TWT Technical Analysis Feb 24

TWT is approaching the oversold region at RSI 33.25 level with a hidden bullish divergence shown by the positive MACD histogram; although the short-term downtrend continues, recovery signals in momentum are becoming prominent.

Trend Status and Momentum Analysis

TWT is currently trading at the 0.49 dollar level and has seen a 1.51% decline in the last 24 hours, with the daily range limited between 0.49-0.51 dollars. Although the overall trend direction remains bearish dominant, momentum indicators are giving mixed signals. The RSI 14 period at 33.25 is positioned near oversold, while the MACD’s positive histogram signals underlying strengthening despite the price decline. The price remaining below EMA20 at 0.56 dollars confirms short-term bearish pressure, but the 2.43 million dollar volume level may indicate accumulation zones. 10 strong levels were detected across multiple timeframes (1D/3D/1W); 2 supports/2 resistances on 1D, 2 supports/1 resistance on 3D, and 2 supports/4 resistances on weekly, forming a balanced structure. The Supertrend indicator is bearish and aligned with 0.62 dollar resistance, but confluences in momentum oscillators suggest potential reversal.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

The RSI 14 period is currently at 33.25 level, just above the classic oversold region (below 30). While price has been forming lower lows recently, higher lows are observed in RSI; this can be interpreted as a regular bullish divergence, indicating weakening downside momentum. Particularly on the 1D timeframe, as price declined from 0.51 to 0.49, RSI rose from 28 to 33.25, carrying hidden divergence potential. Such divergences have historically marked the end of 15-20% pullbacks in TWT and signaled momentum shifts in advance. However, confirmation of the divergence requires RSI breaking above 40; otherwise, selling pressure may continue.

Overbought/Oversold Regions

RSI hovering just above the oversold region of 30 is setting the stage for a short-term bounce. Historical data shows that periods when TWT’s RSI stayed below 35 averaged 8% recoveries. The current position implies sales are nearing exhaustion, but since the overall trend is bearish, this oversold condition is not a permanent bullish signal. The divergence between RSI and price emphasizes that momentum has bottomed and opens the door for a potential reaction buy.

MACD Signals and Histogram Dynamics

The MACD indicator is giving a bullish signal; the histogram is in the positive zone and showing a slight expansion tendency in recent bars. The crossover between the signal line and MACD line remains positive, confirming momentum strengthening despite price decline. The positive histogram indicates the 12-26 EMA difference is starting to widen and underlying buying power is rising. On the 1D chart, histogram bars are stabilizing above the zero line, with a similar pattern on 3D. This suggests bullish momentum is accumulating against the short-term bearish trend. However, if the histogram narrows (contrary to current expansion), the sell signal could strengthen; currently, positive dynamics dominate.

EMA Systems and Trend Strength

Short-Term EMAs

The short-term EMA20 is at 0.56 dollars and positioned below price, confirming the bearish trend. There is congestion between EMA10 and EMA50; price is testing EMA10 but remains below it. Ribbon dynamics show contraction in the short term, implying reduced trend strength and preparation for potential expansion (bullish). Price breaking EMA20, combined with momentum confluences, could trigger the first bullish target at 0.52 resistance.

Medium/Long-Term EMA Supports

The medium-term EMA50 provides support near 0.52, while EMA200 forms resistance in the 0.60s. In the EMA ribbon, long-term lines are downward sloping but the distance between short-medium lines is narrowing; this increases reversal potential as trend strength weakens. If EMA50 support holds near 0.4716 level with volume confirmation, momentum recovery could accelerate. The overall ribbon dynamics indicate the downtrend is tiring.

Bitcoin Correlation

Bitcoin at 63,365 dollars with a 3.41% decline is in a bearish trend and Supertrend bearish; this creates pressure for altcoins in TWT Spot Analysis. If BTC breaks 62,910 support, TWT could accelerate toward 0.4393, with resistances at 64,671. TWT has high correlation with BTC (0.85%); BTC downtrend limits alt momentum, but TWT’s RSI/MACD strength offers recovery chance independent of BTC weakness. If BTC falls to 60,012, bearish target 0.2403 activates for TWT Futures Analysis, while upside break at 66,433 could carry TWT to 0.7167.

Momentum Outcome and Expectations

Momentum confluences with RSI divergence, positive MACD histogram, and EMA ribbon contraction carry bullish potential; however, due to overall downtrend and BTC pressure, a cautious approach is necessary. Volume at 2.43M is low but shows accumulation pattern; if support holds between 0.4393-0.4716, 0.5226 resistance could be tested. In case of breakdown, 0.2403 bearish target; upside 0.7167 bullish. Although momentum oscillators signal sell exhaustion, trend confirmation should be awaited. Market is volatile; confluences must be monitored.