$TURBO /USDT Technical Analysis & Trade Signals
Current Price: $0.007485
24h High: $0.008415
24h Low: $0.007433
Price Change (24h): -7.76%
Technical Analysis:
1. Support Levels:
Strong Support: $0.007433 (24h Low)
Minor Support: $0.007250
2. Resistance Levels:
Strong Resistance: $0.008400 (24h High)
Minor Resistance: $0.007800
3. RSI (Relative Strength Index):
RSI is currently below 30, indicating that TURBO is in an oversold condition, signaling potential bullish momentum if the price starts reversing upwards.
4. MACD (Moving Average Convergence Divergence):
The MACD line is showing bearish crossover, but a potential reversal is possible if the price breaks the resistance at $0.007800 and gains upward momentum.
5. Volume:
Decreasing volume suggests a weakening of the current downtrend, but the price needs to break above resistance for confirmation of bullish trend reversal.
Trade Signals:
Bullish Scenario (if price breaks resistance):
Entry: $0.007500 (current level)
Target 1: $0.007800 (Minor Resistance)
Target 2: $0.008100 (Intermediate Resistance)
Target 3: $0.008400 (Strong Resistance)
Bearish Scenario (if price fails to break resistance):
Entry: $0.007450 (current level)
Target 1: $0.007250 (Minor Support)
Target 2: $0.007000 (Strong Support)
Target 3: $0.006800 (Lower Support)
Trade Momentum:
Momentum is currently bearish as the price is below the 24h high and showing downward movement. However, the oversold condition (RSI < 30) might suggest a potential bounce back. Watch for a break above $0.007800 to confirm a reversal to bullish momentum.
Trend Confirmation: The key level to watch is $0.007800. If the price breaks above this, momentum could shift bullish with targets at $0.008100 and $0.008400. If the price fails to break resistance, the downtrend may continue.