- TURBO rebounded 300% from March lows, now consolidating at the $0.0055 resistance level
- Strong support established at $0.0014, acting as a price floor during recent recovery
- MACD shows positive momentum with recent bullish crossover, though weakening slightly
TURBO price analysis says that in the past eight months, the cryptocurrency has experienced many ups and downs, but now appears to be recovering. As per CMC data, in the last 24 hours, it has surged by almost 8%, suggesting bullishness. Besides this, its trading volume is also increasing, indicating an increase in buying and selling activity.
TURBO reached its highest level in December 2024, at $0.014, and after that, it went into a long downtrend. It hit the lowest point in March-April 2025 at $0.0014, a 90% decline from the previous high. Since mid-April, TURBO has recovered well, rising to $0.0055, which is a 300% increase from when it was at its lowest.
$0.006 is a strong resistance level, and the price has tried to break through it several times in May but has not succeeded. It has now become the first major barrier for bulls. Likewise, the $0.0014 zone has acted as good support, as prices often bounce back from it.
Will Turbo Price Break Above Its Previous High?
On the technical chart, the MACD indicator shows that the MACD line crossed above the signal line in April, which is considered a bullish crossover. Most of the histogram bars have stayed above the zero line for some time, indicating a bullish trend, but the latest bars show a slight decrease.
The Social Sentiment indicator in the bottom part shows that the mood among traders shifted from negative to positive in April, reaching its peak early in May and now turning negative again. It means that while the mood in the market was positive, it may be starting to calm down.
Exponential moving averages indicate that the price has recently gone above both the short-term 50-day EMA and long-term 200-day EMA, which is considered a bullish sign. The RSI indicator at the bottom is now reading 56-62, which suggests a moderate upward trend without the market being overbought.
The risk-reward balance could be in favor of traders considering the way things stand now. The price currently fluctuates between $0.0055 and $0.006, and it has substantial support at $0.0043. If the price increases above $0.006, it could aim for $0.008, but a fall below $0.0043 may lead to another test of lower prices. Volume must be monitored to confirm any attempts at breaking out of a range.
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