The Turbo price has surged 18% in the last 24 hours to trade at $0.01286 as of 02:17 p.m. EST on trading volume that surged 63% to $957 million.
The pump came after Coinbase Advanced announced on X the TURBO token’s listing.
Turbo Price Aims For A Continued Surge
The chart of TURBO/USD in the 4-hour timeframe highlights a bullish breakout after a prolonged consolidation phase. Notably, the Turbo price has completed a classic cup-and-handle pattern, a bullish continuation pattern often signaling an upward movement. After breaking out of the “handle,” the price of Turbo has surged past its short-term resistance level of around $0.0115, according to data from GeckoTerminal.
The 50-day Simple Moving Average (SMA) and the 200-day SMA exhibit a golden cross, where the faster SMA crosses above the slower one, reinforcing the bullish sentiment. Additionally, the increasing trading volume during the breakout signifies strong buying interest and market momentum.
The Relative Strength Index (RSI) stands at 59.26, indicating a neutral-to-bullish condition. While it is not in overbought territory, it suggests there is room for further upside before the Turbo price risks a correction.
Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), and both are in positive territory, signaling a continuation of the bullish momentum. Additionally, the histogram shows increasing bars, confirming the upward trend.
TURBOUSD Chart Analysis Source: GeckoTerminal
Turbo Price Prediction
Based on the technical setup and current market conditions, TURBO/USD is likely to maintain its bullish trend in the short term. If the Turbo price sustains above the $0.0125-$0.0130 range, the next target lies around $0.01442, a psychological and technical resistance zone.
A breakout beyond this level could propel the price of Turbo towards $0.0170-$0.0180, aligning with the pattern’s measured move projection from the cup-and-handle breakout.
However, a failure to hold above $0.0120 could result in a retest of the support levels at $0.0105 (50-day SMA) or even $0.0087 (200-day SMA) in case of a significant pullback.
As the Turbo price aims for a continued surge, investors are also piling into Crypto All-Stars (STARS), which YouTuber ClayBro, with 133k subscribers, says might soar 10X after launch.
Crypto All-Stars Heads For $14 Million – Last Chance To Buy
Crypto All-Stars, a new presale meme token, has hurtled past $13.1 million in funds raised.
While many new meme coins feature staking options, most leading meme coins like Dogecoin and Pepe lack passive income opportunities or additional utility.
Crypto All-Stars addresses this gap with its MemeVault—a multi-chain, multi-token staking platform that will support 11 prominent meme coins: PepeCoin, Dogecoin, Shiba Inu, Pepe, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk—with plans to add more in the coming months.
MemeVault enables investors to stake all their meme coins on one platform for the first time.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
You can also earn passively through the project’s native staking mechanism, which offers a stunning 193% annual percentage yield (APY) on staked STARS tokens.
You can buy STARS tokens now for $0.0016782 before its presale ends in just 8 days.
Buy STARS from its official website using BNB, USDT, or a bank card.
Related News
MAD Plunges 12%, But This Meme Coin Might Be The Best Crypto To Buy Now
Chainlink Price Pumps 20% And This Might Be The Next Crypto To Explode
PNUT Soars 20% After Joining Coinbase Listings Roadmap
