Turbo (TURBO), an ERC-20 meme coin, has captivated the crypto community with its recent bullish performance. Over the past two weeks, the TURBO coin price skyrocketed by 140%, reaching a new all-time high (ATH) of $0.01180. Unlike many cryptocurrencies that follow broader market trends, TURBO has charted its own upward trajectory.
The frog-themed memecoin has demonstrated remarkable resilience, climbing above key exponential moving averages (EMAs). A significant milestone was the breakout above the $0.0100 neckline, a critical resistance level. After retesting this level, TURBO rebounded with an 8% surge, reinforcing its bullish trend. Analysts speculate that the coin could see a 15–20% increase, potentially reaching $0.01300 soon.
TURBO Coin Price Analysis: Key Levels to Watch
Daily price action paints a bullish picture for TURBO crypto. A golden crossover—a technical indicator where a short-term moving average crosses above a long-term one—has further solidified the uptrend.
At press time, TURBO traded at $0.01124, marking an 8.27% intraday gain. With a market capitalization of $733.90 million, it ranks 205th among cryptocurrencies.
- Relative Strength Index (RSI): At 68, the RSI suggests strong buying pressure, though nearing overbought territory.
- MACD Indicator: Bullish readings indicate sustained positive momentum.
- Chaikin Money Flow (CMF): A modest 0.09 reflects cautious but optimistic capital inflows.
A recent hourly chart analysis by Hexatrades highlighted a bullish flag pattern, signaling potential retests of the $0.01180 ATH. If surpassed, TURBO could rally another 20%.
On-Chain Insights: Whale Activity and Holder Sentiment
Data from IntoTheBlock reveals heightened whale activity, with large transactions increasing by 11.11%. This suggests institutional or high-net-worth investor interest. Notably, 97% of TURBO holders are in profit, which could lead to profit-taking near ATH levels.
- Funding Rates: At 0.0112%, rates indicate demand for long positions.
- Open Interest (OI): A 12.07% surge to $108.79 million underscores ongoing bullish sentiment.
Support and Resistance Levels
- Support: $0.01080 (immediate), $0.01000 (strong).
- Resistance: $0.01180 (ATH), $0.01250 (next target).
FAQ: TURBO Coin Price Dynamics
Q1: What drives TURBO’s price surge?
A: Memecoin hype, technical breakouts, and whale activity have fueled TURBO’s rally.
Q2: Is TURBO overbought?
A: With an RSI of 68, it’s near overbought levels but shows no immediate reversal signs.
Q3: What’s next for TURBO?
A: Breaking $0.01180 could trigger a 20% rise; failure may lead to a retest of $0.01080.
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Disclaimer: This content is for informational purposes only and does not constitute financial advice. Crypto investments carry risks; always conduct independent research.
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