Technical analysis: $TURBO
/USDT
When analyzing the current performance of the TURBO/USDT pair, several key metrics and trends stand out:
Current price: 0.008196 USDT
24-hour high: 0.008454 USDT
24-hour low: 0.007087 USDT
24-hour volume: 4.66 billion TURBO (36.17 million USDT)
Price movement: TURBO recently showed a positive price change of +11.86% over the last 24 hours, indicating strong buying interest. However, caution is advised as the price has decreased by -11.46% on the daily chart, indicating potential resistance ahead.
Target levels 🎯:
1. First level: 0.008450 USDT
This level is close to the recent 24-hour high. If the momentum continues, reaching this target may signal a strong bullish trend.
2. Second level: 0.009000 USDT
Significant psychological resistance, this target may be achievable if buying interest persists. It's important to watch for spikes in volume as the price approaches this level.
3. Third level: 0.010000 USDT
This is a more ambitious target that will require sustained interest and market momentum. A breakout above this level could attract more traders and increase volatility.
Technical indicators:
SAR: 0.007355, indicating potential support.
Recent price movement shows: a decrease of -4.44% over the last 15 minutes and -3.51% over the last hour, indicating a short-term correction that may present buying opportunities.
Conclusion:
While TURBO shows short-term strength, traders should be cautious of recent declines on longer time frames. It's important to monitor volume and market sentiment as these targets are approached.
Stay tuned for further updates and happy trading!
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