Turbo (TURBO) Price Analysis & Market Update
Good morning, traders! Let’s take a closer look at the latest action on Turbo (TURBO) — where we’re seeing some solid bullish momentum continuing from yesterday.
Current Structure:
TURBO has re-entered its historical range between 0.0034 (support) and 0.0073 (resistance).
The key zone here is the Point of Control (POC) around 0.0042–0.0043, which saw the highest trading volume. Turbo has broken above this and is consolidating nicely, a bullish sign suggesting continuation.
Short-Term Outlook:
Price is targeting the upper resistance zone at 0.0070–0.0078. However, this has historically been a strong barrier where Turbo tends to pull back sharply.
Some bearish divergences are visible in volume, but momentum indicators like RSI and open interest don’t confirm a fake breakout yet. So, there’s still room for upside before we hit strong selling pressure.
Watch Levels:
Support: 0.0055–0.0058 (liquidity zone if we get a dip)
Resistance: 0.0070–0.0078 (likely target but tough to break)
Macro Note:
Tension in global markets is rising (S&P 500 dipping, gold climbing). If a big risk-off event hits, even strong charts like TURBO could reverse quickly.
Conclusion:
Bias remains bullish in the short term. Expect possible tests of 0.0070–0.0078 before seeing stronger resistance.
Stay cautious and monitor global markets for sudden shifts!
