Market Overview for Turbo/USDC (TURBOUSDC) – October 6, 2025

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Summary
• TURBOUSDC closed at $0.003776, down from the previous day’s open of $0.003778.
• Price action showed a bearish trend from $0.003782 to $0.003661, followed by a partial recovery.
• Volatility picked up mid-session, peaking at $0.003795 by 14:15 ET before consolidating.
• Volume surged at key turning points, particularly between 18:00–19:30 ET.
• RSI hit oversold levels in the late evening, hinting at potential short-term bounce.

Turbo/USDC (TURBOUSDC) opened at $0.003778 on October 5 at 12:00 ET, reaching a high of $0.003782 and a low of $0.003661 before closing at $0.003776 on October 6 at 12:00 ET. Total volume over 24 hours was 24,479,535 tokens, with a notional turnover of $91,471,896, suggesting moderate to high activity in key price swings.

Structure and formations on the 15-minute chart show a key support level forming near $0.003661–$0.003680, tested and bounced off in the late evening and early morning. A bearish engulfing pattern was observed around 18:30–19:00 ET as price fell from $0.00372 to $0.003682. A bullish reversal pattern emerged near $0.00376–$0.00378 in the late morning. Resistance appears to be consolidating between $0.003785 and $0.003800.

Moving averages on the 15-minute chart saw the 20-period line (0.003769) crossing below the 50-period line (0.003776), reinforcing the short-term bearish bias. On a daily scale, the 50-day and 200-day MA are expected to be in a downtrend, with price testing the 50-day level from below.

The MACD line turned positive midday, aligning with a consolidation phase, while RSI dipped into oversold territory (26) by 02:00 ET, hinting at potential rebound. Bollinger Bands showed a slight expansion in the 18:00–20:00 ET range, with price testing the lower band and bouncing back.

Volume was highest during sharp selloffs, particularly in the 18:00–19:45 ET period, with turnover aligning with the price drop from $0.00376 to $0.003682. A divergence between a falling price and rising volume was noted between 20:00–21:00 ET, suggesting bearish exhaustion.

Fibonacci retracements on the major 15-minute swing (0.003661–0.003782) identified a 38.2% level at $0.003726 and a 61.8% level at $0.003755, both of which were tested and held in the morning and evening sessions.

The market appears poised for a short-term bounce from $0.003680–$0.003700, supported by RSI divergence and volume exhaustion. However, key resistance at $0.003782 remains untested and may prevent a full reversal. Investors should watch for a close above $0.003782 as a bullish signal, but be cautious of a renewed sell-off below $0.003661.

Backtest Hypothesis
A potential strategy involves entering long positions on TURBOUSDC when price closes above the 20-period moving average after a confirmed bullish engulfing pattern, with a stop-loss placed below the 50-period MA. Given today’s pattern around $0.00376–$0.00378 and the positive divergence in RSI, this setup was valid but faced immediate resistance at $0.003782. A backtest would likely show a mixed outcome, as the rally was capped by a strong resistance level and lack of follow-through volume. Future iterations could incorporate a dynamic stop-loss based on Bollinger Band width for better risk management.