$TWT has experienced a 3.474% decline in the past 24 hours.
Trading within a range of 0.7742 to 0.728 indicates increasing volatility.
Bollinger Bands suggest potential consolidation, as prices are approaching the lower band at 0.738.
Current support at 0.728 is critical; a breakdown could see further losses.
Resistance at 0.7719 may cap any potential bullish reversal.
The overall downtrend is influenced by macroeconomic uncertainty and regulatory concerns.
Bitcoin correlation remains undefined, limiting its impact on TWT’s movements.
Short-term traders should be cautious due to heightened volatility; consider a long-term approach if values stabilize.
Key takeaway: Watch for a break of support at 0.728, which could signal a deeper downtrend in TWT.