Where is TURBO Price Heading Next?
TURBO is a decently popular cryptocurrency, with a market capitalization and trading volume of $735.98M and $418.96M. More importantly, it has recently hit a new milestone, creating a new ATH of $0.01318. This happened after a week-long rally, where the Turbo price surged by more than 54%, currently at $0.01121. The token began the uptrend even before that, as the monthly time frame reveals that the price is up by 166%.
Though it has moved significantly away from the peak, the bullâs dominance is still there. The 24-hour price charts indicate strong buying pressure on the token. However, with the overbuying conditions, the token has moved into the consolidation phase. The RSI sitting at 71.7201105 confirms this consolidation, revealing the selling sentiments rising with a trend reversal. Moreover, the CCI, Momentum, and a few other technical factors also confirm this.
This consolidation can continue for a day or month, depending on the userâs sentiments around this token. However, an uptrend might begin if the token breaks the resistance at 0.0115247.
Whatâs In There For You?
Turbo price has surged significantly in the past few weeks, reaching new highs that many traders might have missed. However, this one crypto trader made the right moves, making him $1M in profit and a remarkable crypto trading experience. However, it is important to note that the token has entered a consolidation phase, which might take a day or a month to regain its strength and continue the uptrend. Meanwhile, investors can explore top cryptos to buy, make perfect strategies, and much more to stay relevant in this diverse crypto market.
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