Turbo Price Prediction: TURBO Is Top Gainer In A Month With 1,565% Eruption, But Is This Latest AI Meme Coin A Better Pick?

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The Turbo worth has skyrocketed 1,565% prior to now month to commerce at 0.00833 at 7:12 p.m. UTC, based on GeckoTerminal.

That made it the highest gainer for the interval among the many 200 largest cryptos by market capitalization.

Some analysts now predict that the TURBO worth may go all the best way to $0.1.

The $TURBO parabolica won’t cease earlier than $0.10, simply settle for it.#Memecoin season is right here. pic.twitter.com/PK58kA6T14

— STEPH IS CRYPTO (@Steph_iscrypto) June 1, 2024

Turbo Worth Outlook

Analysing Turbo worth charts, we see a retraction from the latest bullish breakout from the bear channel. This means a possible continuation of the downward transfer as soon as the value breaks beneath the flag’s decrease development line.

different indicators, we see that the Cash Stream Index (MFI) (57.23) is barely above the midpoint at 50, indicating a reasonable influx of cash into the asset. An MFI worth over 50 usually suggests that purchasing strain is prevailing.

However, we see that the Common Directional Index (ADX) (25.85) worth signifies a considerably robust development. Values above 25 typically recommend {that a} development is powerful sufficient for trend-trading methods, however on this context, the development power is starting to wane because it’s not far above 25.

The Commodity Channel Index (CCI) (~60) signifies that the value is considerably above its common, thought of comparatively regular with out signaling excessive situations. The oscillation of CCI round zero additionally means that the value is in a consolidation part.

Whereas the market confirmed earlier power, present indicators, and sample formation recommend a cautious method because of the potential for a downward continuation, as instructed by the present Turbo worth actions.

4-hour TURBO/USDT Chart | Supply: TradingView

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