[Technical Analysis]
$TURBO /USDT ā Momentum Building?
Date: May 2, 2025 | Time: 12:23 UTC
Price: $0.005148 (+0.06%)
TURBO continues to show bullish resilience after a strong 10.22% gain in the past 24 hours, trading around $0.00509. The current candle holds steady with slight consolidation near resistance, indicating potential for a breakout.
Key Trading Data:
24h High: $0.005405
24h Low: $0.004450
Volume (TURBO): 6.37B | Volume (USDT): $31.29M
MA60: $0.005195 (current price slightly below)
Technical Highlights:
Price action consolidating near MA60 ā a key short-term resistance zone.
Tight range between $0.005141 - $0.005182 shows.
Amplification: 0.21% indicates low chop, setting the stage for directional moves.
Short-Term Price Targets:
1. Target 1: $0.00540 ā Retest of the 24h high.
2. Target 2: $0.00560 ā Breakout toward psychological round number.
3. Target 3: $0.00600 ā Extension level if volume surge continues.
Conclusion:
Keep a close eye on volume and MA60 breakout confirmations. A strong move above $0.00520 with volume could trigger bullish continuation toward higher targets.
#TURBO #Binance #CryptoTrading #TechnicalAnalysis
#MemecoinMomentum