Turbo Price Prediction: TURBO Plummets 32% As Meme Coins Crash And Traders Rush To Buy This Dogecoin Derivative ICO Before It Closes

Turbo Price Plummets 32% in 24 Hours

Turbo's value has dropped significantly, plunging 32% in the past 24 hours. As of 03:45 a.m. EST, it trades at $0.0060, facing a 26% decline in trading volume to $353 million.

Meme Coins Sector Slumps

The broader meme coin sector has also experienced a downturn, with an 8% drop in market capitalization to $61 billion. Key players like DOGE, SHIB, and PEPE have witnessed significant losses of 4%, 5%, and 12%, respectively.

Turbo Price Bulls Seek Trend Reversal

Despite the recent downtrend, Turbo is trading above the 200-day Simple Moving Average (SMA). Bulls aim to maintain the upward momentum by surpassing a critical resistance level at the 50-day SMA.

The Relative Strength Index (RSI) indicates a seller-dominated market, with the RSI dipping into the oversold region at 33. However, the Average Directional Index (ADX) suggests a strong bearish trend.

Turbo Price Prediction

Turbo's downward trajectory within the bullish pennant pattern signals a strong bearish trend. A breach of the support zone at $0.00496 could lead to further retracement to $0.003615.

Alternatively, a trend reversal towards the $0.009849 resistance level is possible if the $0.005850 support holds.

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