Turbo Price Prediction: TURBO Pumps 6%, But Experts Say Consider These New Meme Coins For 100X Gains

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The Turbo price jumped more than 6% over the past 24 hours to trade at $0.0005785 as of 9:25 a.m. EST.

The Turbo Price May Be Gearing Up For A Breakout

Daily chart for TURBO/USDT (Source: TradingView)

The Turbo price may be on the verge of a breakout as a symmetrical triangle has emerged on the altcoin’s daily chart.

This particular chart pattern suggests that the meme coin may enter into a strong move soon. Should TURBO surge to the upside, it may have the strength needed to flip the $0.0009085 resistance level into support.

This bullish thesis may be invalidated if the Turbo price falls out below the triangle chart pattern. In this more bearish scenario, the cryptocurrency may retest the immediate support level at $0.0004735 in the following 48 hours.

Continued sell pressure at this point may then open up the risk of the Turbo price breaking below this significant mark and falling to as low as $0.0001785 in the short term.

Technicals Point To A Price Breakdown

Technical indicators on TURBO’s daily chart hinted at a potential price correction in the next few days. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are flagging bearish.

Over the past 72 hours, the RSI line broke below the RSI Simple Moving Average (SMA) line. This is generally seen as a sign that strength has shifted from buyers to sellers. As a result, it may be easier for bears to drag the Turbo price down in the coming couple of days than it will be for buyers to boost it.

The MACD line was closing in on the MACD Signal line. An intersection between these two lines may signal a bearish trend reversal for Turbo. This could then be followed by a bearish breakout in the short term.

Given that TURBO stands the risk of breaking down in the next few days, investors may want to take a look at Wall Street Memes, Meme Kombat and SpongeV2 for potentially supercharged gains.

This New Meme Coin Could Follow The Same 100X Path As Its Predecessor

Sponge V1 made its debut in May 2023, and saw its market cap surge to an all-time high of $100 million. Boasting over 13,000 holders at its peak, the token delivered 100X gains for early investors and scored listings on major centralized exchanges such as LBank, Toobit, CoinW, BTCEX, Poloniex, MEXC, Gate.io, Bitget, BitKan and Bitmart.

https://twitter.com/spongeoneth/status/1736710430888739065

Anyone that missed out on the 100X returns generated by Sponge V1 now has the opportunity to get in on the ground stages of Sponge V2.

Sponge V2 is not your typical presale as there are currently two options available to acquire tokens. The first option is to buy and stake Sponge V1 through the Sponge.vip website’s buy widget. The other option is for investors to stake Sponge v1 tokens they already own through the Sponge.vip website.

The more Sponge V1 tokens an investor stakes, and the longer they stake it for, the more Sponge V2 they will earn. Once the supply of Sponge V1 is exhausted, investors will be able to claim Sponge V2.

A Meme-Inspired Project With An Innovative Gaming Platform

Just passed $3.8 million.

Kombat is nearing ever closer⚔️ pic.twitter.com/FOvFbSTJwp

— Meme Kombat (@Meme_Kombat) December 19, 2023

Meme Kombat is an innovative gaming platform that rewards token holders who place winning bets on regularly scheduled battles.

There will also be more lucrative rewards up for grabs for any holders that place winning bets on the more-hyped battles that will take place within the ecosystem.

What separates Meme Kombat from other meme-inspired projects is its higher level of utility. Its focus on gaming, which is an emerging sector in the crypto space, could also soon propel the project to new heights.

A Community-Centric Project That Rewards Its Holders

Wall Street Memes grants holders of its native token, WSM, access to exclusive token holder communities. Token holders also stand the chance to receive bonuses in the Wall Street Memes Casino and earn rewards through the project’s staking platform. Currently, anyone who stakes WSM can earn an annual percentage yield (APY) of 42%.