Turbo

Gigachad (gigachadsolana.com)

Date: Wed, Dec 11, 2024, 03:49 PM GMTThe cryptocurrency market has regained its bullish momentum today after a two-day correction, as Bitcoin (BTC) surged past the $100K mark, igniting bullishness across the market.Among the notable gainers, memecoins Turbo (TURBO) and Gigachad (GIGA) have grabbed significant attention due to their explosive rallies. TURBO surged by over 55%, while GIGA recorded nearly 50% increase in the last 24 hours, making them top performers in the market.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4336e1e446694d43a6c40b032a47cd74.png" />Source: Coinmarketcap<h3 id="turbo-turbo">Turbo (TURBO):</h3>Turbo (TURBO) has made an extraordinary move, rallying over 55% today and breaking past its previous resistance level of $0.01343, which also marked its previous all-time high (ATH). At the time of writing, TURBO is trading at $0.01378 and has established a new ATH at $0.01411.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/0723b1a54ef644d8862bede50dc43abb.png" />In its recent price action, TURBO had witnessed a similar breakout pattern that led to an 87% rally. Based on this historical performance, a comparable move could drive TURBO to the psychological level of $0.020, which represents another 50% upside from its current price.However, before reaching this target, a potential retest of the breakout level is possible, offering an opportunity for bulls to consolidate.<h3 id="gigachad-giga">Gigachad (GIGA):</h3>Likewise, GIGA has also delivered a robust performance, surging by almost 50% to trade at $0.074. The price is currently testing a key resistance zone, just below its all-time high of $0.078.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/dd105e47ee604b268c8f19adf51662d0.png" />If GIGA successfully breaks out above the $0.078 resistance, it could open the doors for a move toward the psychological levels of $0.10 and $0.12, representing potential gains of up to 60%. With strong bullish momentum in the broader market, GIGA appears poised to achieve new highs soon.<h3 id="are-more-gains-ahead">Are More Gains Ahead?</h3>Both TURBO and GIGA are trading with impressive bullish momentum, showing the potential for further upside. While TURBO may experience a retest before embarking on its next leg up, GIGA seems well-positioned to break out and reach new ATHs.The broader crypto market sentiment, fueled by Bitcoin&#39;s rally above $100K, adds further confidence to the upward trajectory of these memecoins. However, as always, traders should exercise caution and remain vigilant of market volatility.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read:<a href="https://coinsprobe.com/synthetix-snx-and-terra-classic-lunc-complete-retests-post-major-breakouts-what-to-expect-ahead/" rel="noopener noreferrer nofollow"> Synthetix (SNX) and Terra Classic (LUNC) Complete Retests Post-Major Breakouts: What To Expect Ahead?</a>

TURBO and GIGA Bounce Back with Major Rallies: Are More Gains On The Horizon?

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