Turbo Price Prediction: TURBO Up 12% as Traders Rush to Buy This New ICO with 1,108% APY

Turbo price has risen 12% over the last 24 hours to trade at $0.005119 as of 7:05 AM ET, with volume surging 41% to $206 million.

Turbo price setting for bullish breakout after round bottom formation

The TURBO/USD pair on the 4-hour timeframe shows a rounded bottom pattern, which is a bullish reversal indicator. This pattern suggests that market sentiment is changing from bearish to bullish.

Turbo price is gradually forming a rounded bottom between the $0.003500 and $0.004500 range, signaling a potential uptrend.

TURBOUSD Analysis Source: Dextools.io

Turbo price strengthens as golden cross and major support signals rise

The 50-period simple moving average (SMA) crossed above the 200-period SMA, forming a golden cross. This is a strong bullish signal. This crossover indicates that TURBO is gaining upward momentum.

The current support level is around $0.004500, which coincides with the 50-period SMA. This provides a solid foundation for further upside in Turbo price.

The MACD indicator shows a bullish crossover, with the blue line crossing above the orange line and the histogram bars in positive territory, further confirming continued buying pressure.

Meanwhile, the Relative Strength Index (RSI) is trading at 60.41, indicating that it is not yet overbought, meaning there is still room for further upside before it reaches overbought conditions, which occur around the 70 level.

The current Turbo price is around $0.005090, which has broken through the previous resistance line formed by a rounded bottom. The next target for the upward movement is around $0.005500, where there may be some resistance.

Turbo price is expected to continue to rise and further upside is possible unless support levels are broken.

However, in the downtrend, the key support level is $0.004500. A break below this level could lead to a retest of the $0.004000 mark.

Crypto All-Stars ICO Aims for $1.5 Million: What Are the Best Cryptocurrencies to Buy Now?

Meanwhile, as Turbo traders anticipate a bullish rally, investors are rushing to buy the Crypto All-Stars (STARS) presale, which has raised over $1.3 million.

According to CryptoBoy, a popular cryptocurrency analyst with over 47,800 subscribers on YouTube, $STARS is one of the best pre-sale projects that can generate huge profits after launch.

Crypto All-Stars is bringing new energy to the meme coin market with the launch of MemeVault, an industry-first integrated staking platform.

MemeVault allows investors to invest in a variety of tokens, including the newly listed Binance token TURBO, as well as popular meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu, Pepe, Brett, Milady Meme Coin, Mog Coin, Toshi, Coq Inu, and Bonk.

The platform offers users the opportunity to earn passive income by investing in major meme coins.

When users invest tokens in MemeVault, they are rewarded with the platform’s native token, $STARS.

Crypto All-Stars plans to integrate with the following notable brands: $Pepe, #dogecoinand #shibainu . 🔗

This cross-pollination can dramatically increase the visibility and adoption of your platform!

— web3telepath (@web3telepath) August 15, 2024

$STARS also has its own dedicated staking pool, which is currently yielding a whopping 1,108% annualized yield. So far, investors have taken advantage of this lucrative opportunity, staking a total of 662 million $STARS.

If you haven’t purchased $STARS tokens yet, you can easily do so by connecting your wallet to the project website.

STARS is currently selling at $0.0014477. The price increase is expected in about 18 hours, so interested investors should secure the highest price before then.

Buy $STARS using ETH, BNB or credit card on the official website here.

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