Coinone Places Trust Wallet Token on Delisting Watchlist Amid Regulatory Scrutiny
- Regulatory Scrutiny Intensifies: South Korean exchange Coinone's decision to place Trust Wallet Token (TWT) on a delisting watchlist signifies serious concerns regarding its compliance, which is expected to impact its market performance and user confidence.
- Deposit Suspension Notice: Coinone will suspend TWT deposits starting at 7:00 a.m. UTC on December 30, 2024, compelling holders to adjust their investment strategies in a short timeframe to mitigate potential risks.
- Significant Market Reaction: Following the announcement, TWT's trading volume surged by 180% within two hours, yet its price fell by approximately 8.5%, indicating the market's heightened sensitivity to exchange listing statuses.
- Compliance Assessment Standards: Coinone employs six critical criteria for token evaluation, including transaction volume stability and wallet security, with TWT reportedly falling short in these areas, potentially leading to stricter regulatory challenges.
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Technical Analysis for TWT
Technical Sentiment Analysis for Trust Wallet Token (TWT) As of , Trust Wallet Token (TWT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TWT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TWT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Trust Wallet Token (TWT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.144 | 0.321 | 0.468 | 0.645 | 0.793 | 0.969 | 1.117 |
| Fibonacci | 0.321 | 0.445 | 0.521 | 0.645 | 0.769 | 0.845 | 0.969 |
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