Turbo (TURBO) Price Prediction 2023-2024: Can the AI Memecoin Resume Its Rally?

Turbo crypto rallied 25% on Christmas Eve, a ‘Santa rally’ that lifted AI agents and NFT segments by 8% and 5% on average, respectively.

After rallying 25% on Christmas Eve, a ‘Santa rally’ lifted AI agents and NFT segments by 8% and 5% on average, respectively.

As an AI memecoin, Turbo crypto’s gains can be attributed to the sector’s performance. Its daily trading volume also surged to $370 million, marking a 200% increase.

This helped the token to recoup nearly half of its December losses. But can the recovery continue?

Hitting a roadblock

After easing and reversing at the channel’s range low during October’s correction, Turbo’s December dump followed suit. However, the token encountered the mid-range level at the time of writing.

If past trends continue, then after consolidating at the mid-range, Turbo crypto could attempt to reach that range-high of $0.014. In this case, late bulls could enter at this level for a potential 30% gain.

However, if the price decisively moves below the 50-day Moving Average, then the projection will be invalidated.

The 12-hour chart’s RSI showed potential room for growth before indicating that Turbo’s becoming overheated and overbought.

Unfortunately, the capital flows were still below average to propel the recovery further, as indicated by the CMF, which was below the median level at the time of writing.

85% ホルダーが利益を上げている

一方、85%のTurbo cryptoホルダーが利益を上げており、この資産は価格が中盤で長期間停滞した場合、利益確定の対象となる可能性がある。

上記理論は、清算ヒートマップで示されているように、0.012ドルでレバレッジドショートポジションが積み上がっていることで明らかだ。

これは、Futuresトレーダーがmemeコインをわずかに中価格帯より高くショートしていることを意味する。

Coinglassより

ターボの上昇を阻止する暴力的なショートスクイズが発生しない限り、中価格帯より上の停滞は、トークンを50日MAまたは価格帯下限に押し下げる可能性がある。