Turbo

Date: Tue, Oct 08, 2024, 10:29 AM GMTAs the cryptocurrency market shows signs of recovery from its recent downturn, certain tokens are standing out with impressive gains. One such token is Ethereum-based memecoin, Turbo (TURBO), which has surged over 12% in the last 24 hours. Currently trading at $0.0067, TURBO has a market cap of $432 million, making it a prominent player in the market.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/fca50c1084c24adb94d5bc734e1d4c51.png" />Source: Coinmarketcap<h3 id="breakout-and-retest">Breakout and Retest:</h3>The main factor driving this rally is TURBO’s successful retest of its breakout line at the $0.0049 level. Back on September 20, TURBO saw a major breakout at $0.0055, which led the token to climb to $0.0065, representing a 25% increase from the breakout point.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ca72e0302cb8485086fb5dccf9487518.png" />However, geopolitical tensions caused some panic selling, pulling TURBO back to retest the breakout line. The successful retest has now pushed Turbo to it&#39;s next resistance level of $0.0069 and a breakout with confirmation above $0.0072 could start a upside rally further.<h3 id="is-a-major-rally-ahead">Is a Major Rally Ahead?</h3>Popular crypto analyst <a href="https://x.com/WorldOfCharts1/status/1843154940929188173" rel="noopener noreferrer nofollow">&#64;WorldofCharts</a> recently shared a bullish outlook on TURBO, noting that the token has a strong history of major rallies following breakouts. In a recent analysis, he stated:“#Turbo Looks Good For Midterm Breakout. Retest Has Already Confirmed. Check Recent Chart Data—When Turbo Breaks Consolidation, It Gives Strong Bullish Rallies. Look At Last Breakout, It Gave 1400% Gains!”<img src="https://academy-public.coinmarketcap.com/optimized-uploads/66f280fd67b54c89a4e5ddba729fd94f.jpeg" />Credits:&#64;WorldofChartsWith the breakout and retest already confirmed, the analyst is anticipating a 200%&#43; bullish wave in the coming days.<h3 id="conclusion">Conclusion</h3>With a successful retest and growing market momentum, TURBO could be gearing up for a major rally. While optimism is high, it&#39;s important to remember that the crypto market can be highly volatile, and careful consideration is always advised.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/political-memecoins-trump-and-maga-gains-strong-momentum-a-rally-on-horizon/" rel="noopener noreferrer nofollow">Political Memecoins TRUMP and MAGA Gains Strong Momentum: A Rally On Horizon?</a>

TURBO Sees Significant Gains After Breakout and Retest: Is a Major Rally Ahead?

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