Is It Too Late To Buy TURBO? Turbo Price Pumps 90% In A Month And This Might Be The Next Crypto To Explode
The Turbo price has surged 90% in a month and 5% in the last 24 hours to trade at $0.007051 as of 00:20 a.m. EST on trading volume that skyrocketed 69% to $236 million.
Turbo Price On A Bullish Rally
The Turbo price capitalized on the rounding bottom pattern around the $0.0034 support to push the price up towards the $0.0071 resistance, according to data from GeckoTerminal .
However, the bears took control of the price, pushing the price of Turbo through a correction to the $0.0048 support and back to the resistance, forming another rounding bottom pattern.
The bulls aim to capitalize on the pattern to keep propelling the price of Turbo, now trading above both the 50-day and 200-day Simple Moving Averages (SMAs). This affirms short-term and long-term price surges in the coming days.
Moreover, the Relative Strength Index (RSI) is currently moving up towards the 70-overbought region, currently at 66, which is an indication that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also positive, as it soars above the neutral line, showing that the price of Turbo is currently on positive momentum. The blue MACD line also crosses above the orange signal line, which represents a bullish crossover.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dialogue with EigenLayer Founder: Can $11 billion in deposits and its role in Ethereum help overcome the crisis?
Since its launch, EigenLayer has been mired in controversy. First, there was the high-paying "hiring" of Ethereum Foundation researchers, followed by the token ownership dispute.
PayFi - Trillion Track, a New Force in Global Financial Pattern Transformation?
Today's Hot Meme Tracking
Today's Must-Read | Twitter Featured Views