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The Turbo price has soared 24% in the last 24 hours to trade at $0.006268 as of 3:25 a.m. EST on a 74% surge in trading volume to $208 million.
The Turbo Price Turns Bullish
The Turbo price indicates a strong bullish setup on the 4-hour timeframe. A clear rounded bottom pattern is visible, which is a typical bullish reversal indicator, suggesting that market sentiment is shifting from bearish to bullish after a period of price consolidation.
There is a breakout following this pattern where the price surged above the resistance level at around $0.0055, now turning that into a support level.
TURBOUSD Analysis Source: Dextools.io
The moving average cross between the 50-period (blue) and 200-period (green) moving averages, often called a “golden cross,” further strengthens the bullish outlook, as it indicates that short-term momentum is overtaking the longer-term trend.
Turbo Price Analysis: Technicals Signals Possible Short-Term Correction
Additionally, the MACD indicator is showing a strong buy signal with the MACD line (blue) crossing above the signal line (orange), and the positive histogram reflects growing bullish momentum. This suggests the recent price surge could be sustained in the short to medium term.
However, the relative strength index (RSI) is trading near the overbought level at 69.66, which indicates intense buying pressure for the Turbo price. However the price could face a temporary pullback or period of consolidation soon, as TURBO tends to correct when it becomes overextended.
A strong bullish trend is seen with the potential for further upside rewards. The combination of the rounded bottom, moving average cross, and the breakout above resistance all point to a continuation of the upward movement.
However, traders should be cautious as the RSI approaches overbought levels, signaling the possibility of a short-term correction.
Pepe Unchained ICO Surges Past $14 Million: The Next Crypto To Explode?
The PEPE Layer 2 meme coin Pepe Unchained (PEPU) is another bullish crypto, with funds raised in its presale rocketing past $14 million.
The momentum behind the PEPU presale prompted Crypto Zeus, a crypto analyst and YouTuber with over 78.4k subscribers, to say that Pepe Unchained “could be huge” following its launch.
Pepe Unchained comes with its own proprietary Layer-2 blockchain that will free the OG PEPE from its old, clunky server room.
It gives Pepe Unchained transaction speeds up to 100 times faster than Ethereum, while slashing costs.
This Layer-2 solution also aims to become a leading platform for meme coin trading. By leveraging the Ethereum Virtual Machine (EVM), developers have the opportunity to create a wide array of applications on the Pepe Chain.
Recently, the project gained attention with the announcement of a developer grant on X, aimed at building out its ecosystem.
Pepe's blockchain is charging up!
Get ready as we prepare to unleash something big ⚡️🐸 pic.twitter.com/RKQIgbRmxV
— Pepe Unchained (@pepe_unchained) September 16, 2024
Get PEPU Now: Price Set To Rise Soon
With the grant program, called “Pepe Frens With Benefits,” Pepe Unchained is encouraging developers to bring forward innovative dApps and other projects using its new Layer-2 solution.
To participate, developers can build their projects, submit a grant application, and await a vote from the Pepe council. If approved, they will receive funding from the grant.
The goal of this initiative is to provide strong support for the development of tokens and applications on Pepe Unchained Layer-2 once it launches.
Investors can also stake PEPU tokens for an annual percentage yield (APY) of 148%. More than 1.08 billion $PEPU tokens have already been staked.
You can buy $PEPU tokens at the current price of $0.00981. With a price hike coming in less than 22 hours, buying now will secure the best deal.
Buy PEPU tokens on the official website here using ETH, USDT, or a bank card.
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