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The Turbo price soared 33% in the last 24 hours to trade at $0.01166 as of 5.15 a.m. EST on trading volume that skyrocketed 85% to $345.25 million.
The pumped made TURBO the biggest gainer among the biggest meme coins by market capitalization, according to CoinMarketCap.
The first AI-generated meme coin skyrocketed over the last few days, achieving a 74% price increase in a week. The surge started late on October 11, and while it encountered several resistances along the way, it breached each one until hitting $0.012 about 10 hours ago.
This resistance kept the price from moving forward, but it has not rejected it as of yet.
Turbo Price Prediction
Technical indicators suggest that Turbo’s correction may be starting, as the bullish sentiment begins to weaken. The meme coin’s Bollinger bands have seen a sharp narrowing, and the price, which previously pushed the upper band further up, has since dropped to the lower band, and is starting to push down.
Both the narrowing of the bands and the fact that the price has gone down to the lower one are strong bearish signals, which suggest that Turbo is likely to see a correction. The price dropping to the lower band is already the first step of that correction, which might continue and push the token down to the support at $0.011, or possibly further down.
However, the project’s Relative Strength Index (RSI) suggests that the rejection might not be as sharp, as the RSI value has already dropped from the overbought zone to the neutral one, sinking below the value of 50.
If it continues to spiral down, it will soon reach the value of 30, which is typically when traders make their move to buy the dip. If this happens, the bearish sentiment, which has just started to take over the price, will be cut short, and the token could bounce back up.
Of course, if the overall market turns strongly bearish, the traders might hesitate to move in once the RSI drops to 30, which could lead to a larger sell-off. The traders could also choose to move in earlier thanks to the market sentiment which currently still remains bullish, in which case Turbo could see a recovery sooner, and potentially retest the resistance at $0.012.
Promising Alternative to Turbo
Despite Turbo’s rapid price growth in the last few days, the token has seemingly reached its limit for the time being. That being the case, investors might want to consider an alternative like Crypto All-Stars (STARS), which has amassed more than $2.32 million in its presale.
YouTuber Crypto ZEUS, who has 78.8k subscribers, even says the project may be the next PEPE, showing just how big an impact Crypto All-Stars could have in the meme coin market.
Crypto All-Stars is a new meme coin that is changing the way staking works in the meme coin sector. It has created a new type of staking smart contract that allows users to stake multiple meme coins on one platform via its MemeVault protocol.
Eleven top meme coins can be staked on the platform after launch, including DOGE, PEPE, SHIB, FLOKI, TURBO, BRETT, and BONK.
So far, staking any of these, or any other cryptocurrency, was only possible in its own staking smart contract. MemeVault now lets investors stake all of these meme coins in one place, making the staking process more convenient and practical.
To engage in multi-coin staking, crypto users must first buy some STARS. Those tokens can also be staked for an eye-popping 636% Annual Percentage Yield.
Investors can buy STARS tokens for $0.0015007 right now with ETH, USDT, BNB, FLOKI, DOGE, SHIB, PEPE, or credit/debit cards.
Buy before a price hike in a little more than 19 hours to get the best deal.
Buy STARS on the official website here.
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