TURBO drops to $0.00537, meme heat cools down + whale selling drags down the price!
NiuNiu News: $TURBO current price $0.00537, down 8.2% in 24h, trading volume shrinks to $120 million, market cap about $370 million! The meme coin sector's heat is declining, with hot discussions on "$TURBO high position adjustment, is $0.004 the bottom?"
Why did it drop?
Whale Selling: On-chain shows large holders sold about 50 million $TURBO (around $2.7 million, 5/6), with hot discussions on "whales distributing at high positions, dragging down to $0.00537"!
Meme Heat Cooling: $TURBO community activity has decreased, new user growth on Telegram has slowed down, with hot discussions on "meme craze receding"!
Technical Breakdown: 4H chart breaks below the $0.0055 support, MACD death cross, with hot discussions on "short-term bears dominant"!
Market Drag: $BTC at $94,800, $ETH at $1,822 fluctuating at high positions (5/6), meme coins following the trend down, $TURBO under pressure!
How to read the K-line? What’s the trend?
$TURBO 4H: $0.00537 drops to the lower Bollinger band, MACD death cross, RSI 42 neutral. Support at $0.005, resistance at $0.0058. Trend: Short-term probe at $0.005, oversold or rebound. Warning: "Whale selling not finished, be cautious when catching the bottom"!
Should we buy the dip?
Buy at $0.005, stop loss at $0.0048, target at $0.0058. Keep an eye on large holders and community dynamics, avoid chasing highs! Q3 bull market heat, could $TURBO return to $0.006?
Stay tuned, daily updates, hot dynamics, profit codes!
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