$TURBO

Moving Averages:
The 200-period Simple Moving Average (SMA) is currently at 0.008200, slightly below the current price, indicating some support on the longer timeframe. The price's proximity to this level suggests potential consolidation or support in this range, though downward pressure persists.

Relative Strength Index (RSI):
The RSI is at 44.15, showing that the asset is close to the lower end of the neutral zone. This may suggest some mild bearishness or that the price could continue to face pressure.

MACD Analysis:
The MACD line is below the signal line, with both values in the negative territory, suggesting bearish momentum. The histogram bars remain red, which supports a bearish outlook, though there may be potential for a reversal if the MACD line crosses above the signal line.

Support/Resistance Levels:

Immediate Support: The level around 0.008200, in line with the 200 SMA, serves as immediate support.Resistance Zone: The resistance at approximately 0.009000 is crucial; breaching this level could lead to a stronger upward move.

Bullish Scenario:
If TURBO/USDT manages to stay above the 200 SMA and break through the 0.009000 resistance level, there may be a case for a bullish reversal or upward movement. The RSI turning upwards and MACD crossing positive would further support this scenario.

Bearish Scenario:
If the price breaks below the 0.008200 support level and the RSI declines towards 30, further downside could be expected. MACD moving further into the negative territory would strengthen the bearish case.

Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Please perform due diligence before making any investment decisions.