With the crypto industry stuck above the $2 Trillion market cap, the top altcoins are under pressure to perform. However, the HODLers taking crypto off the exchanges reflects an increased wallet activity and boosts the token prices.
Creating a sector-focused bull run, the recovery in the broader market and the DeFi segment can result in a jump in such altcoins. Amidst such conditions, the TWT and SFP tokens offer massive upside potential in the coming months.
Let’s examine the price chart and technical analysis of Crypto Wallet Tokens to learn more.
Trust Wallet Token Brings Reversal Entry Chances
With an overall declining trend, the TWT price action reveals a trend reversal opportunity as it tests the crucial psychological support of $1. With a potential double-bottom reversal, the crypto wallet token is ready for a bounce back.
The bullish crossover in the MACD and signal lines bolsters the trend reversal in the TWT prices. A bullish surge from the $1 psychological mark can result in a new lower high formation at the resistance trendline at $1.24.
However, a broader market recovery with a boost for crypto wallet tokens can result in a breakout rally. In such a case, the uptrend can reach the $1.66 mark and potentially form a new 52W high at $2.
SafePal Aims $0.85 Breakout Run
With a bullish reversal in action, the SFP price trend shows a remarkable and constant surge. Following the price drop in early 2022, the crypto wallet token is gradually rising higher.
With the altcoin surpassing the 50W EMA, the SFP price faces 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 at $0.688.
The uptrend can bring a breakout, with the MACD indicator ready 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.
