- TURBO surges by 73.84% in one day, with a trading volume surge of 339% signaling strong bullish momentum.
- Breakout above Bollinger Band resistance and MACD crossover confirm growing upward pressure in TURBO’s price.
- Despite the price rally, active wallet count remains low, suggesting limited user engagement amid strong technical breakout.
Turbo (TURBO) posted a 73.84% rise within 24 hours on April 23, trading at $0.004173 at press time. This sharp rally came amid a 141.16% weekly gain and a 75.31% monthly increase. Turbo has a $285.91 million market cap, increasing by 63.89% in the same period.
Trading volume surged by 339.19% to reach $446.46 million, pushing the volume to market cap ratio to 155.28%. TURBO’s fully diluted value (FDV) held near $285.84 million, while its total, max, and circulating supply remained fixed at 69 billion tokens.
Strong Breakout Pushes Past Resistance
The closing price of $0.004090 exceeded the upper Bollinger Band of $0.003175, indicating an aggressive breakout. The basis is at $0.002008 while the lower band held at $0.000840.
This breakout above the upper range often suggests increased buyer momentum, though it may attract near term profit taking. Turbo’s price opened at $0.003064 and closed at $0.004090, with a high of $0.004395.
Total trading volume reached 10.51 billion TURBO, emphasizing the surge’s intensity. The MACD indicator provided further confirmation of the bullish setup. The MACD line crossed above the signal line, while the histogram turned positive at +0.000017.
The MACD reading is at 0.000229, with the signal line slightly below at 0.000213. This movement aligned with the ongoing breakout, pointing to strengthening upward momentum.
Technical Levels Hint at New Range Formation
Following a prolonged downtrend from December 2024 through March 2025, TURBO broke past major resistance zones. A strong green candle confirmed the breakout, lifting the token beyond its previous low range.
The breakout appeared to reverse the earlier decline, which had seen prices fall below both the 50 day and 200 day moving averages. Late March, Turbo traded near $0.002371. Its 50 day MA is at $0.002746, while the 200 day MA was higher at approximately $0.005.
The death cross between these averages previously supported the bearish momentum. However, the new breakout has lifted the price above the short term average, potentially forming a new range.
Market Engagement Dips Despite Price Recovery
Despite the rally, active wallet engagement remained muted compared to December’s highs. In early December, TURBO peaked near $0.014 alongside a sharp spike in active addresses, totaling roughly 4,146.
Since then, both metrics have dropped steadily. Recently, the number of active addresses fell to around 370, aligning with the token’s previous decline. This decrease in engagement followed TURBO’s earlier compression phase, where price fluctuations narrowed substantially.
However, if current momentum holds above $0.0040, psychological levels near $0.0050 and $0.0065 could become relevant. A brief pullback to the $0.0032–$0.0036 region remains possible based on Bollinger Band mid to upper range levels.
