TWT Technical Analysis Apr 4
The post TWT Technical Analysis Apr 4 appeared on BitcoinEthereumNews.com.
TWT, with RSI at 34.53 level approaching the oversold region, momentum indicators generally signal a weak downtrend. MACD’s negative histogram continues bearish pressure, while trading below EMA20 reinforces short-term bearish momentum. Trend Status and Momentum Analysis TWT’s current price is stabilizing at the 0.40 dollar level, with the limited +0.22% rise in the last 24 hours reflecting consolidation in the daily range of 0.39-0.41. Volume remains at a moderate level of 5.79 million dollars, while momentum indicators show clear downtrend dominance. RSI at 34.53 is positioned at neutral-low levels, and MACD’s negative histogram in a bearish structure signals the continuation of selling momentum. The Supertrend indicator gives a bearish signal, emphasizing the 0.50 dollar resistance. Short-term trend strength is weak; with the price remaining below EMA20 (0.45 dollars), bearish bias dominates. However, the RSI’s low level contains hidden bullish signals that could indicate a potential momentum reversal. In multi-timeframe confluence, 9 strong levels have been identified: 2 supports/3 resistances on 1D, 1 support on 3D, 2 supports/3 resistances on 1W. This structure predicts that TWT could test the 0.3963 support in the short term, potentially leading to 0.3194 on a breakout. On the resistance side, 0.4042 is the first hurdle, followed by the critical 0.4630. In terms of momentum, volume confirmation is weak; since volume increases during declines are limited, the probability of an accumulation phase rises. Although the overall trend is downtrend, oversold conditions indicate fatigue in momentum. RSI Indicator: Buy or Sell? RSI Divergence Analysis RSI (14) at 34.53 level, quite close to the 30 oversold threshold. This level is a strong signal that selling momentum is exhausted; while the price tested 0.39 at recent lows, RSI showed a regular decline but a slight recovery is observed in the latest candle. No regular bearish divergence is present; on…
Filed under: News - @ April 4, 2026 6:09 pm