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The Turbo price plunged 32% in the last 24 hours to trade at $0.0060 as of 03:45 a.m. EST on trading volume that dropped 26% to $353 million.
This comes as the meme coin sector plummeted 8% to a market capitalization of $61 billion. Top meme coins including DOGE, SHIB, and PEPE all slumped, recording falls of 4%, 5%, and 12% respectively.
Turbo Price Bulls Aiming For Bullish Trend Reversal Over The Lower Boundary Of The Bullish Pennant
The price of Turbo has been steadily declining since reaching its all-time high (ATH) two days ago, although it continues to fluctuate within the confines of a bullish pennant GeckoTerminal data shows.
There are indications that TURBO may be poised for a bullish trend reversal, as it currently trades above the 200-day Simple Moving Average (SMA). Nevertheless, the 50-day SMA represents a key resistance level that the bulls need to surpass in order to maintain the upward momentum of the TURBO rally.
The Relative Strength Index (RSI) indicates that sellers are in control, with the RSI dipping from the overbought territory to hover around the oversold region at 33. Meanwhile, the Average Directional Index (ADX) is surging upwards at 40, signaling that TURBO is firmly entrenched in a strong bearish trend.
Turbo Price Prediction
The Turbo price analysis on the 1-hour chart shows that TURBO is currently on a very strong bearish trend, as the bears push TURBO to trade within the lower boundary of the bullish pennant pattern.
If the bears sustain this trend and breach the critical support zone at $0.00496, TURBO could retrace further to the next support zone at $0.003615.
However, if the bears use the $0.005850 support level to stage a trend reversal toward the resistance level around $0.009849.
As the TURBO price bulls search for new entry positions to propel the token toward a trend reversal, other traders are rushing to buy the multi-chain Dogecoin derivative ICO Dogeverse before it’s presale ends in less than 4 days.
According to Jacob Bury, a crypto analyst on YouTube, $DOGEVERSE has the potential to soar 100X after its launch.
Dogeverse Presale Ends on June 3 – Last Chance To Buy
Dogeverse (DOGEVERSE) has raised over $15 million and its presale ends on June 3 at 10 a.m. UTC. Claims will then commence two days later, on June 5, at 10 a.m. UTC.
Get ready to blast off with Cosmo! 🚀🌀
⏳ #Presale ends on June 3rd at 10 AM UTC!
🌐 Claim launches on June 5th at 10 AM UTC!
This is your LAST CHANCE to join Cosmo on his #Blockchain adventures before the official launch! 🌌
Don’t miss out! The clock is ticking! 📣… pic.twitter.com/QwpzWcm947
— DogeVerse (@The_DogeVerse) May 23, 2024
Dogeverse is the first meme coin to operate across multiple networks. The project supports purchases on six major blockchains: Ethereum, Solana, Binance Smart Chain, Polygon, Avalanche, and Layer 2 Base.
Why limit to one when you can have it all? $DOGEVERSE begins on the secure #Ethereum network, ensuring robust security and reliability. 🛡️💻
🔥 Bridging gaps between #Cryptocurrency ecosystems, we enhance liquidity, utility, and fun across the entire #Cryptoverse! 🎉#AltSeason pic.twitter.com/zOg8albhry
— DogeVerse (@The_DogeVerse) May 3, 2024
Dogeverse also has an enticing native staking system that offers an annual percentage yield (APY) of 44%. But users can only stake on ETH because the token’s smart contract was deployed on the Ethereum network.
There’s still time to participate in the presale by buying $DOGEVERSE for $0.00031 per token. Buy soon, though, before the team launches the token on major exchanges.
Buy $DOGEVERSE on the official website here.
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