TWT and SFP Crypto Wallet Tokens Offer Massive Upside Potential

With the crypto industry stuck above the $2 Trillion market cap, the top altcoins are under pressure to perform. However, the HODLers taking crypto

The crypto industry continues to trade above the $2 Trillion market cap, putting pressure on top altcoins to perform. However, HODLers are withdrawing crypto from exchanges, leading to increased wallet activity and boosting token prices.

This sector-focused bull run and broader market recovery, especially in the DeFi segment, could lead to a rally in such altcoins. In this scenario, TWT and SFP tokens are presenting high upside potential for the upcoming months.

Let's conduct a price chart and technical analysis of Crypto Wallet Tokens to gain further insights.

Entry Chances for a Trend Reversal with Trust Wallet Token

The TWT price action showcases a trend reversal opportunity within an overall declining trend. It's currently testing the crucial psychological support of $1.

Highlighting a potential double-bottom reversal, the crypto wallet token is poised for a bounce.

A bullish surge from the $1 psychological level could lead to a new lower high formation at the resistance trendline at $1.24.

However, a broader market recovery with a boost for crypto wallet tokens could lead to a breakout rally. In this case, the uptrend may reach the $1.66 level and eventually aim for a new 52W high at $2.

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Crypto Wallet Tokens Poised for Surges

Trust Wallet Token (TWT) and SafePal (SFP) tokens are presenting strong upside potential, offering opportunities for substantial gains in the upcoming months.

Both crypto wallet tokens are positioned for surges, with TWT offering a double-bottom reversal entry and SFP aiming for a breakout run from a crucial supply zone.

Let's delve into the price chart and technical analysis of TWT and SFP tokens to uncover their bullish trajectories.

TWT Price Chart Highlights Double-Bottom Reversal Entry

The TWT price trend showcases a declining trend over the past year, facing pressure from the bear market. However, it's currently presenting a trend reversal opportunity.

After forming a bottom in early 2023, the crypto wallet token attempted a recovery but faced resistance at the 23.60% Fibonacci level ($1.08). This led to another price drop and a retest of the crucial support zone.

Now, another lower wick candle is forming at the $1 psychological support, offering an entry chance for a potential double-bottom reversal.

If the support holds and a trend reversal occurs, the TWT price can encounter resistance at the 14.40% Fib level ($1.24). Surpassing this level could lead to a rally toward the 50W EMA ($1.66).

However, a broader market recovery with a boost for crypto wallet tokens could lead to a breakout rally. In this case, the uptrend may reach the $1.66 level and eventually aim for a new 52W high at $2.

SFP Price Trend Shows a Gradual Rise, Preparing for Breakout

The SFP price trend showcases a remarkable and consistent surge, following a price drop in early 2022.

After forming a bottom in early 2023, the crypto wallet token attempted a recovery and encountered resistance at the 23.60% Fibonacci level ($0.688). This led to a price consolidation within the Fib levels.

Now, the altcoin has managed to cross the 50W EMA ($0.74) and is facing opposition from the crucial supply zone at $0.85. As per the Fibonacci levels, a consolidation is visible between $0.85 and the 23.60% level.

If the uptrend continues, SFP is likely to experience a breakout, with the MACD indicator preparing for a bullish crossover and constant support from the 50W EMA.

With the overhead Fibonacci levels as potential targets, the crypto wallet token can reach the $1.66 mark on the breakout run.

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