TURBO Coin Price Prediction: Will the Frog-Themed Memecoin Continue its Bull Rally?

Turbo (TURBO) coin, an ERC-20 meme coin, has continued to spark bullishness over the past few weeks. The TURBO coin price rallied by over 140% in the last two weeks and recorded a new ATH of $0.01180 this week.

TURBO (TURBO) coin price continued its rally on Monday and remained largely bullish. The meme coin price rallied 140% over the past two weeks and hit a new all-time high (ATH) of $0.01180 this week.

TURBO coin price showed a decoupling move from the broader market and witnessed a massive bull rally. Frog-themed meme coin has been on a strong uptrend and climbed above the key EMAs.

TURBO price breached a horizontal neckline of $0.0100 and enlisted a breakout. After hitting new highs, the meme coin price took support at the neckline.

It bounced off the zone in yesterday’s session and recorded an 8% surge. The uptrend was intact, and a series of higher highs were witnessed.

Looking at the Fib levels, TURBO coin price could see a 15-20% surge and may reach $0.01300 next.

TURBO Coin Price Prediction: Analyzing the Key Levels

The price action on the daily timeframe guided a bullish outlook. TURBO coin witnessed a golden crossover and adhered to a strong uptrend.

TURBO crypto was trading at $0.01124 with an intraday rise of over 8.27%. It was ranked 205th with a market cap of $733.90 Million.

The Relative Strength Index (RSI) was in the overbought zone, around 68 at press time. It indicated that the buying pressure was intense.

Moreover, the MACD indicator displayed a bullish reading, which conveyed a positive outlook.

On the other hand, the Chaikin Money Flow (CMF) showed muted capital inflows, around 0.09, at press time. This reflected a slightly positive outlook.

The latest bounce of over 8% signaled buyers’ anticipation to cross the weekly high of $0.01180. That may mark a new high soon.

In a recent post, Hexatrades said that the TURBO coin had registered a bullish flag breakout on the hourly chart. It could revisit the local highs of $0.01180 ahead.

$TURBO Bullish Flag Pattern in 1H chart.#TURBO #TURBOUSDT pic.twitter.com/Wx5TPqgkRf

After marking fresh ATH on October 15, the TURBO price saw a minor profit booking. It retracted over 20% from the highs.

However, in the last two days, the meme coin price regained traction and surged over 12%. It was 11% away from the $0.01180 ATH mark at press time.

A successful break above the level would trigger a further 20% surge next.

What Does On-Chain Data Say?

According to data from IntoTheBlock, recent gains were driven by the growing market interest in memecoin.

Whales might have contributed to the rising volumes as large transactions jumped by 11.11% to a month high. This spike showed that whale activity around the TURBO coin increased.

At the same time, over 97% of the holders were profitable. Only 3% of out-of-money holders faced unrealized losses.

This data indicated that a profit booking at the highs may be seen. These profitable holders may offload their holdings anytime soon.

The OI-weighted funding rates were noted at around 0.0112% at press time. It highlighted a demand for long positions.

Going forward, the Open Interest (OI) rose over 12.07% to $108.79 Million in the past 24 hours, which signaled a prolonged buildup activity.

The immediate support zones for TURBO were $0.01080 and $0.01000. On the other hand, the upside hurdles were $0.01180 and $0.01250.

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