As of December 9, 2024, Turbo (TURBO) is trading at approximately $0.01234 USD, with an intraday high of $0.01282 and a low of $0.01055.
Technical Indicators:
Moving Averages:
Short-term (10-day): Bullish crossover, indicating upward momentum.
Mid-term (50-day): Trending upwards, supporting a positive outlook.
Long-term (200-day): Upward trend, confirming long-term bullish sentiment.
Relative Strength Index (RSI): Neutral at ~50, suggesting a balanced market.
MACD: Positive divergence, reinforcing bullish sentiment.
Support and Resistance Levels:
Immediate Support: $0.0110
Immediate Resistance: $0.0128
Market Sentiment:
The recent price action indicates a consolidation phase, with the market awaiting a breakout or further correction.
Recommendations:
Risk Management: Implement stop-loss orders to protect against sudden downturns.
Monitoring: Keep an eye on RSI and MACD indicators for signs of trend reversals.
Diversification: Avoid overexposure to a single asset to mitigate risks.
In summary, Turbo (TURBO) shows mixed technical indicators, suggesting a cautious approach with careful monitoring of key levels.