Saturday, July 26, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

TURBO Price Prediction for May 06

Munene Timothy by Munene Timothy
May 5, 2025
in Binance Feed, Market, Price Analysis
Reading Time: 4 mins read
TURBO Price Prediction for May 06
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • TURBO shows strong buyer interest with a 218% monthly gain, forming higher highs and support at $0.00508.
  • RSI at 68.40 signals strength, nearing overbought; volume spike supports potential for a breakout above $0.00673.
  • Despite long term bearish MAs, current price action and holder count growth hint at a short term bullish continuation.

TURBO continued its upward movement on May 5, with the token trading at $0.00557, a 17.80% increase in the past 24 hours. This surge also marked an 11.19% weekly gain and a 218.41% rise over the past month. The market cap reached $384.3 million, gaining by 17.85% in the same 24 hour span. 

Trading volume rose to $226.2 million, up by 137.58%, suggesting a rise in investor activity. The token’s fully diluted valuation matched its market cap at $384.3 million. The volume to market cap ratio is at 58.6%. The current holder count is at 54,020, with the circulating, total, and maximum supply all at 69 billion TURBO tokens.

Related articles

Trump’s DeFi Speculations Shake Crypto Markets Key Altcoins React

$175M in Insider Unlocks Set to Shake Crypto Market This Week

July 26, 2025
XRP Price Forecast Can 1,000 Coins Hit $9,000 by 2026

XRP Price Forecast: Can 1,000 Coins Hit $9,000 by 2026?

July 26, 2025

Price Momentum and Short Term Support Zones

The price has bounced from mid April lows near $0.0018, forming higher highs and higher lows. That trend shows sustained buyer activity. The prices have respected key levels. 

Source: TradingView

The token’s support is near $0.00508, which marked the day’s low, and at $0.00396 based on the 20 day simple moving average. Resistance remains at $0.00673, aligned with the upper Bollinger Band, and at the psychological level of $0.00700.

Bollinger Bands show the price near the upper band at $0.006734, while the middle band is at $0.003964. The lower band is far below at $0.001194. This suggests increased price volatility and strong recent momentum.

RSI Levels and Market Strength Indicators

According to technical indicators, the current Relative Strength Index is 68.40, moving close to the 70 overbought levels. The RSI moving average is slightly higher at 72.54, indicating growing market strength. However, the value is below the overbought zone. 

This suggests potential for upward continuation if volume remains supportive. There have been volume spikes, particularly in late April and early May. This adds further strength to the ongoing trend. The market outlook remains intact as long as TURBO holds above the $0.0050 support.

Long Term View and Historical Resistance Points

Looking back, TURBO peaked in December 2024 above $0.013, before entering a steep downtrend. Turbo is down over 90% from its high.

Source: Santiment

The 50 day moving average is at $0.001241, while the 200 day average is much higher at $0.002298. These levels indicate strong long term bearish pressure. Daily active addresses also declined from their December highs, with only 272 recorded on April 5.

Based on current technicals, short term resistance is near $0.00673. A breakout above could target $0.0072–$0.0075, while a retracement may test $0.0048.

Tags: Altcoin NewsPrice Analysis

Related Posts

Trump’s DeFi Speculations Shake Crypto Markets Key Altcoins React

$175M in Insider Unlocks Set to Shake Crypto Market This Week

by Munene Timothy
July 26, 2025

SUI leads weekly unlocks with $108M (0.85% of supply) on Aug 1, raising its total unlocked share to 34.57%. JUP...

XRP Price Forecast Can 1,000 Coins Hit $9,000 by 2026

XRP Price Forecast: Can 1,000 Coins Hit $9,000 by 2026?

by Jonathan Carls
July 26, 2025

XRP ETF filings from $240B firms mark a pivotal moment for institutional adoption. RLUSD's 604% surge boosts XRP use, with...

Breakout Watch XRP Consolidation Sparks Bullish Speculation Across XRPL Tokens

Breakout Watch: XRP Consolidation Sparks Bullish Speculation Across XRPL Tokens

by Veronicah Peninah
July 26, 2025

XRP’s price consolidation near $3.17, paired with increased volume and optimistic long-term targets, signals rising expectations for a major breakout....

XRP’s Utility Claims Shake as Health Firm Plans Real-World Payment and Collateral Use

XRP’s Utility Claims Shake as Health Firm Plans Real-World Payment and Collateral Use

by Munene Timothy
July 26, 2025

Wellgistics plans to use XRP for payments, capital raising, and as collateral, signaling real world corporate utility. Legal experts emphasize...

Dogecoin Approaches Historic Accumulation Zone, Bulls Eye $0.25 Reclaim

Dogecoin Approaches Historic Accumulation Zone, Bulls Eye $0.25 Reclaim

by Irene Mukiri
July 26, 2025

DOGE reenters historic accumulation zone, signaling potential for major rally UTXO data shows low resistance between $0.25 and $0.36, enabling...

Load More

Recent News

  • $175M in Insider Unlocks Set to Shake Crypto Market This Week
  • The Only 4 Crypto to Buy in This Market Dip (Reasons Explained)
  • XRP Price Forecast: Can 1,000 Coins Hit $9,000 by 2026?
  • Breakout Watch: XRP Consolidation Sparks Bullish Speculation Across XRPL Tokens
  • XRP’s Utility Claims Shake as Health Firm Plans Real-World Payment and Collateral Use

Popular News

  • Solana SOL Has Just Reclaimed $7 Billion in DeFi TVL

    Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    232 shares
    Share 93 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    200 shares
    Share 80 Tweet 50
  • KEKIUS Price Prediction for June 2025: Signs of Weak Momentum and Accumulation Battle

    198 shares
    Share 79 Tweet 50
  • Bitcoin and Ethereum Face Pressure as 2,500 BTC and 80,000 ETH Hit Exchanges Amid Political Fallout

    197 shares
    Share 79 Tweet 49
  • Market Analyst say XRP Could Finally Break Out of Its Current Consolidation in 2-4 weeks If It’s Following 2017

    196 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

Trump’s DeFi Speculations Shake Crypto Markets Key Altcoins React
$175M in Insider Unlocks Set to Shake Crypto Market This Week
July 26, 2025
Crypto Market Sees Minor Pullback Amid Record Stock Highs, Small Caps Take the Spotlight
The Only 4 Crypto to Buy in This Market Dip (Reasons Explained)
July 26, 2025
XRP Price Forecast Can 1,000 Coins Hit $9,000 by 2026
XRP Price Forecast: Can 1,000 Coins Hit $9,000 by 2026?
July 26, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact