TURBO Price Prediction – This is why this key level MUST be defended

• TURBO has a robust bullish outlook, supplied it may possibly defend $0.01
• The liquidation heatmap appeared to coincide with the Fibonacci help ranges

Turbo [TURBO] Bulls have been on a mission and the memecoin lived as much as its title with speedy beneficial properties in current days. Since October 3, the token has risen 140%. TURBO rallied almost 120% in 4 days earlier than volatility on Tuesday disrupted its bullish plans.

As issues stand now, the rejection of the $0.013 token is probably going solely a brief setback. If the value falls beneath $0.01, swing merchants could must reverse their bias bearishly.

The uptrend confirmed some indicators of weak point

Supply: TURBO/USDT on TradingView

The CMF on the 4-hour chart has been properly above +0.05 in current days. The rejection of the psychological stage of $0.01 on Tuesday modified this, dragging the indicator to the press time worth of +0.06. This gave the impression to be an indication of serious inflows, however they had been declining compared.

The MACD fashioned a bearish crossover above zero – an early signal of a value decline. Nevertheless, the magnitude of the incoming dip is unclear. The Fibonacci ranges are plotted based mostly on final week’s rally from $0.0061 to $0.0134.

The 50% stage at $0.0097, if retested, is more likely to see a bullish response. The $0.089 stage might additionally present a shopping for alternative for swing merchants. A deeper decline would shift the longer-term market construction bearish and will delay a possible restoration.

TURBO value prediction based mostly on the liquidation heatmap

Supply: Mint glass

The momentum and shopping for stress are additionally not but completely within the sellers’ favor. The short-term liquidation heatmap highlighted the $0.0104-$0.0106 zone as a liquidity pool of curiosity.

Lifelike or not, right here is TURBO’s market cap in BTC phrases

A breakthrough on this space could possibly be adopted by a continuation of the speedy beneficial properties talked about above. Merchants needs to be cautious to not purchase too early because the $0.0083 stage can also be a magnetic zone. This might drag the crypto’s worth down this week.

Disclaimer: The data introduced doesn’t represent monetary recommendation, funding recommendation, buying and selling recommendation or every other type of recommendation and is solely the opinion of the author