Market Overview for Turbo (TURBOUSDT): August 16, 2025

• Turbo opened at $0.004272 and closed at $0.004393, forming a bullish reversal on the 24-hour chart.
• Strong volume expansion confirmed the move above key resistance at $0.004360–0.004370.
• RSI surged into overbought territory, suggesting potential near-term profit-taking.
• Bollinger Bands widened as volatility increased, with price testing the upper band.
• Fibonacci levels indicate critical support at $0.004343 and resistance near $0.004435.

Turbo opened at $0.004272 and closed at $0.004393 on the 24-hour 15-minute chart, hitting a high of $0.004413 and a low of $0.004211. Total volume was 148,632,861.0, with a turnover of $644,557.73 (TURBOUSDT).

Structure & Formations

Turbo formed a bullish reversal pattern near $0.004270–0.004300 on the 15-minute chart, confirming a break above a key ascending wedge. The price action showed a bullish engulfing pattern at $0.004319–0.004322, reinforcing the uptrend. Support appears to reside around $0.004343–0.004352, while resistance is near $0.004403–0.004412.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA in the morning, forming a “golden cross” at $0.004295. The 50-period MA on the daily chart is rising, aligning with a broader bullish trend. However, the 200-period MA remains a distant hurdle at $0.004260, suggesting the rally may not be broad-based across all timeframes.

MACD & RSI

The MACD crossed into positive territory and maintained a steady upward slope, indicating sustained bullish momentum. RSI surged past 70 by the early hours of ET, suggesting overbought conditions may trigger a pullback. However, the divergence between price and RSI is not yet significant enough to signal a bearish reversal.

Bollinger Bands

Volatility expanded significantly, with Bollinger Bands widening as price moved from the lower band to the upper band. The price touched the upper band at $0.004412 near the 09:30 ET window, indicating heightened bullish participation. A consolidation phase is expected near the middle band, which currently sits at $0.004377.

Volume & Turnover

Volume spiked at the 03:00–04:30 ET window and again near the 08:00–09:30 window, confirming key breaks above $0.004360 and $0.004400. Turnover moved in sync with volume, showing no divergence. The most recent hourly volume of 3.5 million contracts suggests active participation, but a drop-off is likely as price approaches overbought levels.

Fibonacci Retracements

Applying Fibonacci to the 15-minute rally from $0.004211 to $0.004412, key retracement levels suggest 38.2% at $0.004306 and 61.8% at $0.004349. The 24-hour range shows a 61.8% retracement level at $0.004378, currently acting as a key support. Price appears poised to test the $0.004435 extension level if the bullish trend continues.

Looking ahead, Turbo may see a consolidation phase near $0.004400–0.004412, with potential for a test of $0.004435 if momentum holds. However, traders should be cautious of RSI overbought levels and potential pullbacks from key resistance. Risk remains skewed to the upside, but a retest of $0.004343–0.004352 could occur if volume wanes.