Turbo Coin Price Prediction: Can the Coin Continue the Current Momentum?
Key Takeaways
- The Turbo coin price surged over 35% in the past 24 hours.
- The market cap reached $155.53 million.
- The 24-hour trading volume soared past 777.31% to reach $246.57 million.
- Turbo coin is having a strong rally, supported by a technical breakout supported by MACD bullish crossover, and RSI values.
- But the current rally is driven mainly by speculation and retail FOMO. Hence, a higher volatility needs to be expected.
- Investments may be highly rewarding but come with high risk.
Turbo Coin Current Market Scenario
The Turbo coin price surged over 35% in the past 24 hours. The token is currently trading at around $0.002540 The market cap reached $155.53 million. The 24-hour trading volume soared past 777.31% to reach $246.57 million. But the Fear & Greed Index value of 25 (Extreme Fear) suggests that the investors continue to remain cautious. The sentiment remains bearish, and the volatility remains very high. The following are the key market indicators and their value.
- Fear & Greed Index: 25 (Extreme Fear)
- Market Sentiment: Bearish
- Supply Inflation: 6.99% (High)
- Volatility: 15.44% (Very High)
Turbo Coin Price Prediction Today: Can the Coin Continue the Current Momentum?
Currently, the Turbo coin is having a strong rally supported by soaring trading volume, a technical breakout supported by MACD bullish crossover, and the Relative Strength Index. But the current rally, though strong, is driven mainly by speculation and retail FOMO. Hence, higher volatility needs to be expected. The current momentum may continue for today, but a price plunge can not be ruled out.
Turbo Coin Price Prediction Tomorrow, & This Week
As for the upcoming week, the price of the Turbo token is projected to stay within a range of $0.002007 to $0.00322.
| Date | Day of week | Daily Low | Daily High | Average |
| 29/11 | Saturday | $0.002007 | $0.002138 | $0.002073 |
| 30/11 | Sunday | $0.002037 | $0.002153 | $0.002095 |
| 01/12 | Monday | $0.002022 | $0.002271 | $0.002147 |
| 02/12 | Tuesday | $0.002126 | $0.002295 | $0.002211 |
| 03/12 | Wednesday | $0.002154 | $0.002371 | $0.002263 |
| 04/12 | Thursday | $0.002269 | $0.00322 | $0.002745 |
| 05/12 | Friday | $0.002652 | $0.00307 | $0.002861 |
The Market Outlook: Factors Affecting the Future Price of Turbo Coin
The technical indicators and macroeconomic factors are the major factors driving the price. It’s also worth noting that since it’s a meme coin, the price is also largely affected by social media narratives. Here is a detailed look at the technical indicators and macroeconomic factors.
Technical Analysis
The token is trading above the 10-day Simple Moving Average and Exponential Moving Average. The MACD is having a bullish crossover. The 14-day Relative Strength Index (RSI) value of 62 suggests a strong bullish momentum. The 24-hour open interest rate has soared to +286.64% confirming the massive bullish run. But the higher leveraged positions mean higher volatility is on the horizon. The 0.002336 is the next most crucial point for the token. If the token surges past that mark, the next resistance is at 0.003507.
Macroeconomic Factors
Even though Turbo coin is a memecoin, a highly speculative and sentiment asset, the risk appetite in the market can have a considerable effect on sustaining the rally. The risk appetite in the market is directly correlated to liquidity, which depends greatly on prevailing interest rates. But right now, the macro uncertainty is prevailing, which is not supportive of a sustained bullish run.
The Bottom Line: What’s Ahead for Turbo Coin?
The Turbo coin is an emerging meme coin, and its current rally is largely driven by speculation. Hence token remains highly volatile. Such investments may be highly rewarding but come with high risk. The investors who are betting on such tokens should be open to risks. Furthermore, a thorough risk assessment is always recommended.
Disclaimer: The above crypto price forecasts are based on predictive modeling and should not be considered financial advice.
Crypto & Blockchain Expert