The Turbo price has jumped 12% in the last 24 hours to trade at $0.005119 as of 7:05 a.m. EST on a 41% surge in trading volume to $206 million.
The Turbo Price Set For Bullish Breakout After Rounded Bottom Formation
The TURBO/USD pair on the 4-hour timeframe shows a rounded bottom pattern, which is a bullish reversal indicator. This pattern suggests that the market sentiment is shifting from bearish to bullish.
The Turbo price gradually formed this rounded bottom between the $0.003500 and $0.004500 range, signalling a potential upward trend.
TURBOUSD Analysis Source: Dextools.io
The Turbo Price Bullish As Golden Cross And Key Support Signal Gains
The 50-period simple moving average (SMA) has crossed above the 200-period SMA, creating a golden cross, a strong bullish signal. This crossover indicates that the TURBO is gaining upward momentum.
The current support level is around $0.004500, which is also in line with the 50-period SMA. This provides a solid foundation for further gains for the Turbo price.
The MACD indicator shows a bullish crossover, with the blue line crossing above the orange line and the histogram bars in positive territory, further confirming the ongoing buying pressure.
Meanwhile, the Relative Strength Index (RSI) is trading at 60.41, indicating that it is not overbought yet. This means there’s still room for additional gains before reaching overbought conditions, which occur around the 70 level.
The current Turbo price is around $0.005090, having broken through the previous resistance formed by the rounded bottom. The next target for upside movement is around $0.005500, where some resistance might be encountered.
The Turbo price is expected to continue rising, with the potential for further gains unless the support level is breached.
However, on the downside, the key support level is at $0.004500. If the price breaks below this level, it could lead to a retest of the $0.004000 mark.
Crypto All-Stars ICO Eyes $1.5 Million: Best Crypto To Buy Now?
Meanwhile, as Turbo traders anticipate a possible bullish rally, investors are rushing to buy the Crypto All-Stars (STARS) presale, which has raced past $1.3 million in funds raised.
According to CryptoBoy, a well-known crypto analyst on YouTube with over 47.8K subscribers, $STARS is one of the best presale projects that could see remarkable gains after launch.
Crypto All-Stars is bringing fresh energy to the meme coin market with the launch of MemeVault, the industry’s first unified staking platform.
Through MemeVault, investors can stake various tokens, including the newly Binance-listed TURBO, alongside popular meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu, Pepe, Brett, Milady Meme Coin, Mog Coin, Toshi, Coq Inu, and Bonk.
This platform offers users the chance to earn passive income through staking leading meme coins.
When users stake their tokens on MemeVault, they earn rewards in $STARS, the platform’s native token.
Crypto All-Stars plans to integrate with big names like $Pepe, #Dogecoin, and #ShibaInu . 🔗
This cross-pollination could skyrocket the platform's visibility and adoption!
— web3telepath (@web3telepath) August 15, 2024
$STARS also features its own dedicated staking pool and currently offers an astounding 1,108% annual return. So far, investors have staked a total of 662 million $STARS, taking advantage of this lucrative opportunity.
If you haven’t purchased $STARS tokens yet, you can easily do so by connecting your wallet to the project’s website.
STARS sells now for $0.0014477. With a price hike scheduled in about 18 hours, interested investors should lock in the best price before then.
Buy $STARS from the official website here using ETH, BNB, or credit cards.
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