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The Turbo price has pumped 20% in the last week and 10% in the last 24 hours to trade at $0.005125 as of 01:24 a.m. EST on trading volume that surged 105% to $175 million.
Turbo Price Aims For A Sustained Surge
The weekly chart for the TURBO price reveals a classic retracement structure following a steep rally and subsequent correction.
After peaking near $0.0143, the Turbo price entered a strong downward phase that retraced back through multiple Fibonacci levels, as GeckoTerminal data shows.
Most recently, TURBO found support just below the 78.6% retracement level ($0.0030) and has staged a significant rebound, now testing the 61.8% Fibonacci level ($0.00546), an area that traders watch for potential reversals.
This bounce is technically important as the price of Turbo has now moved back above the 50 Simple Moving Average (SMA) ($0.00563) on the weekly chart, indicating early signs of recovery.
The structure also reflects a potential “V-shaped” bottom or at least the beginning of a rounded base, which can be a precursor to a bullish continuation if sustained.
Meanwhile, the Relative Strength Index (RSI) is currently at 52.87, indicating a shift back into bullish-neutral territory.
The MACD (Moving Average Convergence Divergence) is showing a bullish crossover in progress as well. The blue MACD line is crossing above the orange signal line, and histogram bars are turning less negative, an early sign of upward momentum.
TURBO Price Prediction
Given the bounce from the 78.6% Fibonacci retracement level and the emergence of bullish crossover signals on the MACD, the TURBO price is positioned to potentially continue its upward momentum.
The next area of interest is the 0.618 Fibonacci level around $0.00546, which is currently being tested.
If the bullish momentum continues, the next realistic upside target for the price of Turbo would be the 0.5 Fibonacci retracement level at approximately $0.00715.
However, failure to hold above the 50 SMA on the weekly chart could lead to a retest of the $0.0035 support zone, where buyers would need to step in to prevent further downside.
Meanwhile, investors are piling into a new AI project called SUBBD Token (SUBBD). According to influential YouTube channel 99 Bitcoins, which has over 725K subscribers, SUBBD has the potential to be the next 100X crypto.
SUBBD Presale Crosses The 300K Mark – Next Crypto To Explode?
AI content creation platform SUBBD has exploded, raising over $300K in presale funding, now closing in on the $500K target.
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It’s built-in AI tools let creators focus on what they do best: creating content, while the platform handles time-consuming tasks like research, editing, optimization, and more.
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SUBBD also offers creators intuitive, organized structures and advanced technology that help them efficiently manage content and subscriber requests, reduce workload, and increase productivity.
Now, with the integration of a decentralized digital asset, creators can also unlock new income streams and greater earning potential without middlemen taking a cut.
SUBBD Token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 20% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official SUBBD website to buy SUBBD tokens for $0.0553 each using crypto or a bank card.
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