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The Turbo price has surged 4% in the last 24 hours to trade at $0.005803 as of 7:20 a.m. EST on a 3% drop in trading volume to $75 million.
Turbo Price Analysis: Can The Bulls Break Above The Bearish Channel?
Turbo has been on a downtrend after a sharp spike that initially led to profits for the bulls. This ended when the price hit the $0.009928 resistance level, allowing the bears to take control and push the price lower.
The price has bottomed out within a bearish pennant, with the bulls showing signs of a rebound around the $0.003229 support zone. This move has limited further gains for the bears.
The big question is whether the bulls can complete their rebound and regain momentum to push the price above the bearish channel.
TURBOUSDT Analysis (Source: Tradingview)
Despite the slight dip from the channel’s upper trendline, the Turbo price shows signs of accumulation within the channel, indicating that bullish investors are gearing up to push the price to achieve new highs.
If the bulls maintain their momentum, they will build a solid technical base, potentially triggering a bull rally above the channel.
Even though it faces resistance at the channel’s upper trendline, TURBO is trading above the 50 and 200 simple moving averages, which currently act as immediate support for the price. A little push could help the bulls cross above the bearish channel.
The recent MACD blue line crossing above the orange signal line, while still below the neutral position, is bullish, signalling a potential reversal to an upward trend. The green histogram bars further suggest strong buying pressure for the Turbo price.
The Relative Strength Index remains bullish above the 50 midline level. Its upward momentum indicates a favourable condition to enter the overbought territory, supporting a positive sentiment for the Turbo price.
Turbo Price Prediction
The bullish rebound on the 50 midline level of the RSI shows the bulls’ resilience in driving the price back up again. This also aligns with support by the 50 SMA. If the momentum is sustained, it could suggest a potential upward drive to help the Bulls reach a new high of $0.01382.
Conversely, if bearish pressure increases, it could push the trend below the support zone to the channel’s lower trendline at $0.004320.
Last Chance To Buy WienerAI (WAI): Presale Closes On $9Million
Meanwhile, as traders move back into Turbo, they continue investing heavily in the new dog-themed coin WienerAI (WAI), whose presale is closing on $9 million in funds raised with less than 20 hours of its presale left.
One notable investor is a crypto whale who recently invested $370,000 in WienerAI, using just over 114 Ethereum (ETH) tokens.
Charging up power⚡️
This is your last chance to join the WienerAI presale! pic.twitter.com/taI4Wjavky
— WienerAI (@WienerDogAI) July 30, 2024
WienerAI (WAI) is a new meme coin offering advanced AI analysis tools to help traders find hidden profit opportunities quickly. By analyzing large amounts of data almost instantly, WAI allows traders to focus on timing their trades perfectly to maximize their returns.
WienerAI also features a smooth token swap solution, ensuring traders never miss out on a profitable chance. Plus, with constant MEV (Maximal Extractable Value) protection, users’ trades are executed without delays caused by MEV bots.
WienerAI is now offering investors a last chance to buy and also take advantage of the 128% annual staking yield that’s on offer at this early stage.
WienerAI is making final calibrations!
The presale ends in just 2 days. This is your last chance 🤖🚀 pic.twitter.com/ieHkhv4Bsk
— WienerAI (@WienerDogAI) July 29, 2024
Popular YouTuber ClayBro told his 130k subscribers that WAI has the potential to bring a 20X return on investment after launch.
There is still a short time left before the presale ends, and you can take advantage and buy WienerAI on the official website for $0.00073.
Buy WAI here using ETH, BNB, USDT, or a bank card.
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