Turbo shoots up 250% in a month
From the low of April 7 of $0.0013 to changing hands at $0.0060 at the time of writing, Turbo has outperformed other prominent meme coins by exceeding 250% gains in a month.
With above the 50-day, 100-day, and 200-day EMAs, the bullish sentiment of the meme coin appears strong. The RSI signal returns above 70, suggesting strong positive momentum after a rejection from overbought levels at 84.66 towards the neutral range.
Around $0.0065, the meme coin finds resistance; the previous chart highlights this in red. If it breaks, checking the increasing demand for Turbo will likely lead to a price increase near $0.01.
However, traders should assess the current overbought conditions of Turbo, which could cause a drop more than anticipated if investors take profits, thus adding selling pressure. The 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.
@TURBO
