Date: Thu, Aug 21, 2025 | 11:20 AM GMT
The cryptocurrency market is staging a notable rebound from the recent dip as Ethereum (ETH) reclaims $4,300, marking a 2% daily gain. This upside momentum has extended into the major altcoins, with Trust Wallet Token (TWT) now showing early signs of a potential breakout.
TWT has posted modest gains today, but more importantly, its chart is flashing a bullish technical setup that looks strikingly similar to the breakout structure recently seen in Bio Protocol (BIO).
TWT Mirrors BIO’s Breakout Structure
BIO’s chart serves as a useful fractal reference. After forming a falling wedge breakout — a classic bullish reversal formation — BIO consolidated beneath its red resistance zone before reclaiming multiple levels and rallying over 124%.
TWT now appears to be tracing the same trajectory.
The token has broken out of a falling wedge and is currently hovering just above its 100-day moving average support while trading below its immediate red resistance zone around $0.80 — a strikingly similar setup to where BIO triggered its explosive move.
What’s Next for TWT?
If this fractal continues to unfold, a successful hold above the 100-day MA combined with a breakout over the $0.87 resistance zone could serve as the key catalyst for further upside. Such a move may propel TWT toward the $1.08 resistance, representing an approximate 40% gain from its current price levels.
However, caution remains warranted. A decisive confirmation above $0.87 is essential to validate this bullish setup. Failure to clear this resistance could keep TWT range-bound in the short term.
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