“TURBO must defend this key level!”

TURBO, which has increased by nearly 140 percent since October 3, has retreated to an important support level.

Bitcoin’s ($BTC ) positive price structure has paved the way for altcoins. Many altcoins have managed to reach all-time highs. TURBO, one of the altcoins in question, has shown a striking performance since the beginning of October.

The memecoin, created through the artificial intelligence chatbot ChatGPT, has retreated to an important support level of $0.01 after its bull run. In the analysis prepared by AMBCrypto, it was stated that the memecoin could show a strong rise if it protects $0.01.

TURBO, one of the pioneers of the memecoin craze, has made remarkable gains in recent days.

TURBO, which excites investors and is discussed whether it will be the next SHIB, has lost nearly 10 percent in the last 24 hours. It has been suggested that the decline in the popular memecoin is a correction of the bull run it has been carrying out since the beginning of the month.

AMBCrypto commented on the pullback in TURBO as follows;

“According to the current outlook, TURBO's pullback from the $ 0.013 level is a temporary setback. The popular memecoin will be in an uptrend as long as it does not fall below the $ 0.01 level. If this support level is broken, investors may face a major decline.”

According to the graphic analysis created in the AI-themed memecoin, if the price starts to rise, the $ 0.013434 resistance can be tested. Breaking this resistance can carry the price to $ 0.01515.

On the other hand, losing the $ 0.01 support can drop the price to $ 0.008918 in a short time. The intermediate support zone of $ 0.008918 can determine whether the uptrend will continue.

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