Token

bullish

Turbo

World

<ul class="wp-block-list">
 <li>Turbo Token saw a 40% price increase after a bullish breakout, exciting investors.&nbsp;&nbsp;</li>  
 <li>Liquidation values hit $3.36M as traders adjusted to rapid price movements.&nbsp;&nbsp;</li>  
 <li>The market shows strong bullish activity as $Turbo holds near key levels.&nbsp;</li> 
</ul>  
In a remarkable turn of events, <a href="https://cryptonewsland.com/exceptional-altcoins-leading-the-crypto-bull-run-5scape-btcmtx-artms-turbo-bnb/" target="_blank" rel="noopener noreferrer nofollow">Turbo Token ($Turbo)</a> has demonstrated an impressive 40.97% rally, as highlighted by renowned technical analyst World of Charts. The cryptocurrency, which is traded on Binance with the USDT pairing, exhibited a textbook bullish pennant formation, culminating in a breakout that confirmed a 50% bullish rally target.&nbsp;  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfGFp9637F8U4Cn9gdl7Y3t6_7ar954NskAYQOCr0tZINvwSfhd-74Kly38ilqFu9VLZL-5ycpG7Z1wsuLozI4k_zd7OB2mwiw_tXrVFwNbmkgUsgnOJ0g5Y-blDcWmczh0NCeOGg?key=pex3J-6Jny7vbovZYl6iZm71" alt="">
</figure>  
Source: <a href="https://x.com/WorldOfCharts1/status/1865399328023400745" target="_blank" rel="noopener noreferrer nofollow">World Of Charts</a>  
As of December 7, 2024, $Turbo is trading at $0.010510, representing a 12.14% gain on the day, with analysts closely monitoring the continuation of this robust uptrend.  
<h2 class="wp-block-heading" id="h-turbo-token-breakout-validates-50-rally-projection-analyst-view">Turbo Token Breakout Validates 50% Rally Projection: Analyst View</h2>  
The 12-hour chart illustrates a clear progression of price action, beginning with a consolidation phase within a descending pennant pattern. This pattern formed between mid-October and late November, with support and resistance converging near $0.005000 and $0.010000 levels, respectively.&nbsp;  
The breakout occurred in early December, driving $Turbo beyond $0.010000 and establishing a new resistance zone around $0.014000. The post-breakout rally aligns closely with the projected target of the pennant's pole height, further validating the setup.  
Currently, the token is navigating a <a href="https://cryptonewsland.com/bitcoins-halving-cycle-predicts-140k-to-4-5m-range-key-figures-to-watch-this-cycle/" target="_blank" rel="noopener noreferrer nofollow">consolidation range</a> between $0.010500 and $0.014000, with bullish sentiment prevailing. World of Charts has emphasized the importance of the ongoing momentum, noting that the breakout has yielded over 30% profits for traders who entered near the lower boundary of the pennant.  
<h2 class="wp-block-heading" id="h-bulls-celebrate-as-turbo-hits-0-012-and-3-36m-shorts-liquidated">Bulls Celebrate as $Turbo Hits $0.012 and $3.36M Shorts Liquidated</h2>  
The recent market activity surrounding Turbo Token ($Turbo) has revealed a sharp contrast in liquidation dynamics, as evidenced by data from Coinglass. Over the past six months, $Turbo's price trajectory, represented by the yellow line, exhibited significant fluctuations, with a major price surge recorded in early December 2024, propelling the token to $0.010000 and beyond.&nbsp;  
This increase has been accompanied by a notable shift in liquidation volumes, with long liquidations (green bars) generally outweighing short liquidations (red bars) during bullish periods. A particularly significant spike in short liquidations was observed in mid-October, coinciding with the token’s breakout to $0.012000.  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXftl8knqcA6pdzFVdY0-KdssDYmiLB8nW4nHllBbd2zck7bTFHNuFQ89-yRR-kT9ff49o_X5F61GBzO4PFD5EHcSBpYmcTZUACISjsIkzUoMKxDWbgfGUnZzxFk85mkcFiug2cK?key=pex3J-6Jny7vbovZYl6iZm71" alt="">
</figure>  
Source: <a href="https://www.coinglass.com/currencies/TURBO" target="_blank" rel="noopener noreferrer nofollow">Coinglass</a>  
From June to November 2024, the chart demonstrates a balanced tug-of-war between longs and shorts, with liquidation values ranging up to $3.36 million during peak market volatility. This reflects the heightened speculative activity around the token. Following a period of consolidation in September, the liquidity dynamics shifted dramatically, with long liquidations decreasing as bullish sentiment gained traction.&nbsp; 
The post <a href="https://cryptonewsland.com/turbo-token-surges-40-with-3-36m-liquidations-amid-bullish-breakout/" rel="noopener noreferrer nofollow">Turbo Token Surges 40% with $3.36M Liquidations Amid Bullish Breakout</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

Turbo Token Surges 40% with $3.36M Liquidations Amid Bullish Breakout

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