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The Turbo price has surged 90% in a month and 5% in the last 24 hours to trade at $0.007051 as of 00:20 a.m. EST on trading volume that skyrocketed 69% to $236 million.
Turbo Price On A Bullish Rally
The Turbo price capitalized on the rounding bottom pattern around the $0.0034 support to push the price up towards the $0.0071 resistance, according to data from GeckoTerminal.
However, the bears took control of the price, pushing the price of Turbo through a correction to the $0.0048 support and back to the resistance, forming another rounding bottom pattern.
The bulls aim to capitalize on the pattern to keep propelling the price of Turbo, now trading above both the 50-day and 200-day Simple Moving Averages (SMAs). This affirms short-term and long-term price surges in the coming days.
Moreover, the Relative Strength Index (RSI) is currently moving up towards the 70-overbought region, currently at 66, which is an indication that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also positive, as it soars above the neutral line, showing that the price of Turbo is currently on positive momentum. The blue MACD line also crosses above the orange signal line, which represents a bullish crossover.
Turbo Price Prediction
According to TURBO/USD chart analysis on the 4-hour timeframe, TURBO seems to be on a sustained bullish trend, as the bulls aim to use the rounding bottom pattern to push the price of Turbo towards the projected 32% surge to the $0.0092 resistance.
Meanwhile, as a result of the projected surge, the RSI may soon become overbought, which may result in the price of Turbo being overvalued. This indicates that TURBO may soon plunge through a correction, pushing the price back to the $0.00513 support (200-day SMA).
Meanwhile, as the Turbo price soars even higher, investors are also snapping up the new meme coin casino project Memebet Casino (MEMEBET Token), which is surging towards $500k in its presale.
99Bitcoins, one of YouTube’s largest crypto education channels with over 706K subscribers, believes $MEMEBET Token could outperform all other Telegram gaming tokens when it launches.
Memebet Casino Raises Over $390K In Presale
Memebet Casino is shaking up the online gaming world after raising over $390K in less than a month since its ICO launched.
The casino, designed for the “degen” community, allows users to wager with popular meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), making it the first platform of its kind.
Memebet Token provides a diverse selection of casino games, meme coin betting, and a global sportsbook, all integrated into Telegram for KYC-free gaming.
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— MemeBet (@Memebetcasino) May 23, 2024
The platform boasts community-driven events, and bonuses, as well as play-to-earn rewards for those who wager with $MEMEBET Token. $MEMEBET Token holders will share 20% of the total token supply over time through casino rewards.
To join the presale, you can buy $MEMEBET Token on the official website here for $0.0257 using USDT, ETH, or a bank card. With a price hike coming in about 2 days, buy soon to lock in the best deal.
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