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The Turbo price plunged 17% in the last 24 hours to trade at $0.005192 as of 03:47 a.m. EST on trading volume that rose 1% to $127 million.
The drop made TURBO the top meme coin loser as many other tokens bounced back in the last 24 hours.
The fall came despite Turbo announcing a major partnership with Animoca, a global leader in gamification and blockchain. The token aims to merge the realms of AI, creativity, and community, and has skyrocketed 2,193% since launch last year.
Turbo Price Set To Continue Its Surge Over The Ascending Triangle
The Turbo price after dropping from its all-time high of $0.0097 on May 28, found support around $0.003626, according to data from GeckoTerminal.
TURBO price bulls are using the support level to push the price of Turbo within an ascending triangle pattern. However, the token still trades below both the 50-day and 200-day Simple Moving Averages (SMAs) but still trades within the triangle.
The drop from the SMAs, acting as resistance around $0.0053 and $0.00568, has pushed the token below the 50-midline to 43, indicating sellers’ dominance despite a 12% rise last week.
The Turbo price analysis ndicates that the token is on a retrace from the upper boundary of the ascending triangle but still trades within the ascending triangle pattern. If the bulls push the token above the upper boundary, bulls are currently targeting $0.010.
However, if the bears exert more pressure at this point, the price of Turbo would retrace back to the $0.003517 support zone below the triangle.
As the Turbo price plummets, the new AI meme coin WeinerAI ($WAI) is soaring in presale.
And according to the 99Bitcoins YouTube channel, the $WAI token has the potential to surge 100X after its launch.
Weiner AI Skyrockets Past $6.4 Million – Best AI Crypto To Buy
After a banging start to its ICO, Weiner AI has rocketed past $6.47 million in funds raised. This innovative project uses AI to power a trading bot that uses predictive technology to help traders pick crypto’s big winners.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
The token mimics a sausage dog pumped with AI capabilities, and it aims to rival AI meme coins like $TURBO, $CORGI, and $GROK.
By acquiring and staking $WAI tokens, you can earn passive income with an annual percentage yield of up to 180%.
You can take part in the presale by purchasing WAI for only $0.000722 per token. But hurry as the price will increase in slightly more than a day.
Buy WAI tokens on the official website here using ETH, BNB, USDT, or a bank card.
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