the TURBO trades above 50-day, and 200-day EMA'sTurbo Toad Token (TURBO) was optimized by 17.76% in market value and had a massive spike of 182.63% in trading volume in the last 24 hours, as per the coinmarketcap website.
Meanwhile, its market value is $386.574 Million, and its trading volume amounted at $172.029 Million. There is 63.674 Billion TURBO in circulation, and its 24-hour volume-to-market cap ratio stands at 44.40%, this signifies a good amount of liquidity.
The TURBO Crypto has shown a massive breakout on the daily chart, it reached $0.00950 by May 28th, 2024. But fell from May 29th in a wedge, and formed a support at $0.00515 by June 7th, 2024.
At press time, the TURBO broke out of the wedge and was trading at $0.006080.
An analyst Steph Is Crypto tweeted on X with optimism, that the TURBO is breaking out of the wedge, and has been expecting massive gains in the coming months.
At press time, the TURBO trades above 50-day, and 200-day EMA's. Meanwhile, MACD stays above the zero line, with RSI glaring at 56.98.
Therefore, if TURBO gives a robust breakout, then the asset could reach targets like $0.01000, and beyond this, it could reach $0.01500, as well.
However, if the Turbo Toad Token Fails to break out and stays in the pattern, the pattern would lose its bullish significance. Along with this, if it slides below $0.005150, the price could seek rock bottom as well.
