Turbo shoots 250% in one month

From the April 7 low of $0.0013 to swap hands at $0.0060 at time of writing, Turbo has surpassed other prominent meme currencies by exceeding 250% gains in a month.

With above the 50-day, 100-day, and 200-day EMAs, the bullish attitude of the meme currency seems solid. The RSI signal returns above 70, suggesting a strong positive momentum after rejection from overbought levels at 84.66 down into the neutral range.

Around $0.0065, the meme coin encounters opposition; the chart above shows this underlined in red. Should broken, verifying Turbo's growing demand will probably lead to a price increase near $0.01.

Nonetheless, traders should value Turbo's current overbought circumstances, which might cause a more than anticipated downturn should investors take gains, hence adding to sell-side pressure. T preliminary support levels are the 200-day EMA at $0.0057, the 100-day EMA at $0.0038 and the 50-day EMA at $0.0035.

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