TURBO is currently hovering around $0.00186, in a bit of an awkward position—just below the 7-day moving average. From a technical perspective, MA7 is about 0.00186, MA25 is at 0.001997, and MA99 is at 0.002139, overall leaning neutral to slightly bearish.
Looking back, the price has been sluggishly moving down since it fell from the high of 0.00277. Recently, this wave of correction has directly broken through both the short-term and medium-term moving averages.
Looking up, the range of 0.0020-0.0022 is a hurdle (MA25 + previous oscillation high point). Want to regain strength? At least need to stabilize above 0.0026-0.0028, only then will there be a chance to push towards the previous high area again. Looking down, there is support around 0.0016, and if it falls further, we will see if the structural low at 0.00144 can hold.
In terms of volume, there was a significant increase during the earlier rally, but it has now shrunk and slightly leans towards selling pressure. Therefore, the current judgment is: until the buyers regain control of the moving averages, the tendency is to maintain a neutral to bearish outlook. Short-term traders can pay attention to the 0.0020 level; whether it can break through is a key signal.
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TURBO is currently hovering around $0.00186, in a bit of an awkward position—just below the 7-day moving average. From a technical perspective, MA7 is about 0.00186, MA25 is at 0.001997, and MA99 is at 0.002139, overall leaning neutral to slightly bearish.
Looking back, the price has been sluggishly moving down since it fell from the high of 0.00277. Recently, this wave of correction has directly broken through both the short-term and medium-term moving averages.
Looking up, the range of 0.0020-0.0022 is a hurdle (MA25 + previous oscillation high point). Want to regain strength? At least need to stabilize above 0.0026-0.0028, only then will there be a chance to push towards the previous high area again. Looking down, there is support around 0.0016, and if it falls further, we will see if the structural low at 0.00144 can hold.
In terms of volume, there was a significant increase during the earlier rally, but it has now shrunk and slightly leans towards selling pressure. Therefore, the current judgment is: until the buyers regain control of the moving averages, the tendency is to maintain a neutral to bearish outlook. Short-term traders can pay attention to the 0.0020 level; whether it can break through is a key signal.