{"id":608142,"date":"2024-12-09T08:41:46","date_gmt":"2024-12-09T08:41:46","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=608142"},"modified":"2024-12-09T08:41:46","modified_gmt":"2024-12-09T08:41:46","slug":"turbo-price-prediction-turbo-pumps-7-but-investors-flock-to-this-cat-themed-meme-coin-rival-for-parabolic-potential","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/turbo-price-prediction-turbo-pumps-7-but-investors-flock-to-this-cat-themed-meme-coin-rival-for-parabolic-potential","title":{"rendered":"Turbo Price Prediction: TURBO Pumps 7%, But Investors Flock To This Cat-Themed Meme Coin Rival For Parabolic Potential"},"content":{"rendered":"

The Turbo price has surged 7% in the last 24 hours to trade at $0.01168 as of 11:28 p.m. EST on trading volume that plunged 46% to $449 million.<\/span><\/p>\n

Turbo Price Indicators Show A Continuation Of An Upward Trend<\/b><\/h2>\n

The Turbo price is currently on a rebound, after experiencing a sideways price movement since mid-November, within the $0.0070 support zone. The significant drop in November and the surge its currently facing has completed the formation of a rounded bottom pattern, which is also a sign of a bullish trend reversal.<\/span><\/p>\n

As a result of the sustained surge above, <\/span>the price of Turbo<\/span><\/a> has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which confirms the bullish prospects of the asset. The 50-day SMA has also crossed above the 200-day SMA, forming a golden cross around $0.008412, confirming the general bullish outlook of the asset.<\/span><\/p>\n

Furthermore, the Relative Strength Index (RSI) is currently at 70.74, indicating that the asset is in overbought territory. While this reflects strong bullish momentum, it may also signal a potential short-term correction or consolidation as traders take profits.<\/span><\/p>\n

The general bullish outlook is also supported by the movement of the Moving Average Convergence Divergence (MACD), as the blue MACD line crosses above the orange signal line, a confirmation of a bullish crossover.<\/span><\/p>\n

\"Turbo<\/p>\n

TURBO\/USDT Chart Analysis (Source: Tradingview)<\/span><\/i><\/p>\n

Turbo Price Prediction<\/b><\/h2>\n

According to the TURBO\/USDT chart analysis on the 4-hour timeframe, the Turbo price is currently moving on a sustained bullish trend reversal. If the bulls capitalize on the positive technical indicators, the price of Turbo could still soar, possibly targeting the next possible resistance level at $0.014.<\/span><\/p>\n

Conversely, if the price faces a pullback, it could retest the breakout neckline at $0.010 or the 50-day SMA at $0.0089 as support.<\/span><\/p>\n

Meanwhile, as the Trubo price aims for a continued surge, investors are rushing to buy the newly launched meme coin <\/span>Catslap (SLAP)<\/span><\/a>, which according to ClayBro, a prominent crypto analyst with over 131K subscribers, could be the next meme coin to surge 50X.<\/span><\/p>\n