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Turbo meme coin surged as the crypto market turned bullish, rising from a $300M low to nearly $800M amid Bitcoin’s $67K breakout. The recent analysis of the Turbo coin highlights its remarkable price momentum, with the token recently hitting its all-time high of $0.0131 three days ago.
The broader market sentiment is shifting towards greed, although caution is advised due to potential risks associated with overbought conditions. This article highlights the latest developments and future price trajectory for the Turbo meme token.
$TURBO Meme Coin Price Prediction
As of today, October 18th, the price of Turbo stands at $0.0104, with a 24-hour trading volume of $247.4 million and a market cap of $683 million. The $TURBO price has dropped by 4.92% over the past 24 hours but has surged by 67% in the last seven days.
Turbo experienced a significant bullish breakout, gaining momentum and volume, pushing past a strong resistance level between $0.010 cents and $0.101 cent, now acting as support.
The key question is whether this support can hold and if there will be enough momentum for a further rally toward the next target of $0.015 to $0.016 cents, representing a potential 45% increase from the current price.
While the weekly relative strength index (RSI) remains below the critical 80 level, signaling some room for growth, the daily RSI suggests a cautious approach, as the market could face increased volatility.
Nonetheless, the community’s vibrancy and ongoing support continue to drive optimism around the coin, positioning it as a possible contender for a $1 billion market cap. Investors are encouraged to stay alert for opportunities and monitor $TURBO’s price action, particularly during any significant dips that may present attractive entry points.
Check out the video above for an in-depth analysis of the Turbo price prediction and subscribe to his YouTube channel. Additionally, join the Jacob Crypto Bury Discord channel for trading advice and insights on upcoming crypto presales.
$9.97 Million Turbo Deposit Sparks Speculation, But New Developments Boost Confidence
The recent deposit of $9.97 million worth of $TURBO to Binance and OKX has raised some concerns. While this amount is substantial, it constitutes a small portion of the total trading volume, so selling it all at once might not significantly impact the price.
Speculation surrounds whether this deposit signals a slowdown in price-pumping activities, potentially linked to manipulation concerns. However, Turbo’s recent milestones include the addition of a new USDT trading pair on Crypto.com, which is expected to enhance the coin’s visibility, liquidity, and trading volume.
We will be adding support for Turbo perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening of our TURBO-PERP market will begin on or after 9:30 am UTC 24 OCT 2024. $TURBO pic.twitter.com/CdzcKpWGAT
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) October 17, 2024
Furthermore, Coinbase International Exchange and Coinbase Advanced will begin supporting $TURBO perpetual futures starting at or after 9:30AM UTC on October 24, 2024.
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