Turbo Price Forecast: With $TURBO Up 42% in 7 Days – Could a Bigger Rally Be Ahead?

Binance Price Prediction TURBO
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Turbo appears to be cooling down after its Binance listing-fuelled rally.
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Harvey Hunter
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Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Over the past 24 hours, the TURBO price has dipped following a brief uptick, down 2.38%.

This underperformance is notable, especially as meme coins, on average, have seen a 5.84% gain.

However, fundamentals continue to stack in Turbo’s favor.

Despite today’s loss, TURBO has retained a 37.01% gain since last Thursday, positioning it among the top-performing meme coins over this period.

Step Back or Step Up: is a Turbo Price Rally Ahead?

The most significant factor contributing to Turbo’s recent rise is its recent listing on Binance, which brought new liquidity to the meme coin – with more listings anticipated.

But with this comes weak hands, the impact of which we appear to be seeing as holders take profit and newcomers succumb to unrealized losses under sell-off pressure.

Therefore, it is expected that we see some downside in the near term before Turbo finds stable footing, ready for its next move.

A closer look at the TURBO price chart reveals a greater risk, as the recent decline reaffirms a descending triangle pattern.

TURBO / USDT 1D Chart, descending triangle pattern. Source: TradingView.
TURBO / USDT 1D Chart, descending triangle pattern. Source: TradingView.

This bearish pattern, characterized by its support at $0.0032275 and consistent lower highs forming a narrowing consolidation range, could be a prelude to a drawdown.

The bullish double-bottom pattern failed to play out and deliver the momentum needed to breach the upper boundary of the triangle, confirming its hold remains strong.

However, the Relative Strength Index (RSI), currently at 65, conveys strength, suggesting that a downward breakout may not occur yet as buying pressure holds it in positive territory. Traders should look for a more decisive break away from the resistance before ruling a bullish breakout.

Conversely, if a breakout does not occur, the price may retrace back to the lower support of the triangle, risking a downward breakout toward lower support at $0.0013.

This New Opportunity Has Higher Gains Potential

Although traders may want to cling to Turbo for further gains, its performance is waning amidst growth among other meme coins. This raises the question of whether Turbo is the best bet for future profits.

Therefore, investors looking for huge gains potential may find a strategic advantage in diversifying into newer low-cap meme coins that have the potential to rally exponentially.

Notably, Memebet Casino’s $MEMEBET token presale is off to a strong start, raising almost $250,000 for its new Telegram-based betting platform pioneering meme coins betting.

Crypto enthusiasts are excited about the platform, which offers high stakes, a global sportsbook featuring major leagues like EPL and NBA, and a wide range of crypto-native games.

It is designed specifically with degens in mind, which is precisely why it has quickly attracted substantial capital, including $50,000 whale purchase.

While other meme coins like Dogecoin, Pepe, Shiba Inu, and Floki – with more on the way – can be used for wagers, the $MEMEBET token is central to the ecosystem and is the only one that enhances the gaming experience for every degen player.

Using $MEMEBET tokens unlocks a range of benefits, including airdrop rewards, special degen bonuses, and access to the upcoming Memebet Casino Lootboxes, featuring real-world prizes and valuable casino bonuses.

Furthermore, Memebet Casino incorporates a play-to-earn (P2E) wagering element, offering higher rewards to players who wager more on the platform.

To stay updated on the latest news and developments about the project, join the Memebet community on X and Telegram.

Visit Memebet Casino

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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