$TURBO Breaking above a descending triangle on the daily chart, with the Moving Average Convergence Divergence (MACD) in positive territory and rising Relative Strength Index (RSI) signaling bullish momentum.
A bullish pennant formation and wedge breakouts, suggesting potential for sharp upward moves.
Key Technical Indicators:
Relative Strength Index (RSI): On April 26, 2025, RSI was at 79.15, indicating an overbought condition (above 70). This suggests caution, as a pullback or consolidation could occur if momentum fades.
Moving Averages (MA):
The 50-day Simple Moving Average (SMA) was projected to hit $0.007269 by May 26, 2025, and the 200-day SMA at $0.006296, both trending upward, supporting a bullish outlook.
A crossover of the short-term MA above the long-term MA would reinforce bullish trends.
MACD: Recent reports indicated MACD in the positive region, aligning with bullish price action.
Support and Resistance Levels:
Support: $0.0040–$0.00454 (pivot point S1 and recent consolidation zones).
Resistance: $0.008–$0.010 (longer-term resistance levels). A break above $0.008 could target $0.01.
Immediate resistance was noted around $0.00454 (R3 pivot point).
Bullish Case: If TURBO holds above $0.0040 and breaks $0.00454 with strong volume, consider a buy for a target of $0.008–$0.01. Set a stop-loss below $0.0040.
Bearish Case: If RSI remains overbought and price fails to break $0.00454, wait for a pullback to $0.0040 or lower before entering.
Not Financial Advice, DYOR!!