TURBOUSDC Market Overview for 2025-11-05

Summary
• Price closed at 0.001836 after an intraday low of 0.00173 and high of 0.001907.
• Volume spiked during 14:00–15:00 ET, with 3.67 million contracts traded.
• RSI indicates overbought levels midday, but closed near neutral.
• Bollinger Bands show moderate volatility with a narrow midday contraction.
• No strong reversal patterns observed, but key support levels tested twice during the session.

TURBOUSDC opened at 0.001824 on 2025-11-04 at 12:00 ET, reached a high of 0.001907, a low of 0.00173, and closed at 0.001836 by 12:00 ET on 2025-11-05. Total volume traded over 24 hours was 28.9 million contracts, with a notional turnover of ~$53,879. The price action reflected a volatile day with significant swings, especially in the mid to late session.

Structure & Formations

The price tested key support levels at 0.00175 and 0.00173 during the session, with a brief retest at 0.001772 later in the day. A bearish engulfing pattern formed around 0.001824–0.001778 before the price bounced. A small doji appeared near 0.001827, signaling indecision. The price also tested resistance at 0.001836 and 0.001842 in the final hours, with mixed conviction.

Moving Averages

On the 15-minute chart, the price closed above the 20-period and 50-period moving averages, suggesting a short-term bullish bias. However, this appears to be a temporary breakout rather than a trend reversal. The 50-period MA acted as a soft floor during the morning selloff before the price rebounded.

MACD & RSI

The MACD showed a positive divergence in the morning, aligning with the early rebound. RSI reached overbought territory around 0.001907, suggesting potential resistance, but closed near the midpoint of its range, indicating a neutral to slightly bullish bias. Momentum appears mixed, with no strong signal pointing to a continuation of either trend.

Bollinger Bands

Bollinger Bands narrowed between 13:45 and 14:00 ET, indicating a consolidation phase. The price then broke out above the upper band, reaching 0.001907. This suggests a possible short-term reversal after the consolidation. However, the close of the session back into the band shows that the breakout may not hold.

Volume & Turnover

Volume spiked significantly between 14:00 and 15:00 ET, coinciding with the price breaking above the upper Bollinger Band. This was confirmed by a rise in notional turnover to ~$13,000 during that hour. However, volume subsided afterward, with the price consolidating without further confirmation. Divergence between volume and price action suggests caution for further upside.

Fibonacci Retracements

The 38.2% Fibonacci retracement level (0.001813) held as support during the morning. The 61.8% level (0.001863) was tested in the afternoon, but failed to hold. The price appears to be retracing from the intraday high of 0.001907, but with mixed conviction, suggesting a potential test of lower retracement levels in the near future.

Backtest Hypothesis

To implement a quantitative version of the “buy at support, hold until resistance” strategy, we can use a 20-day Donchian Channel to identify support (20-day low) and resistance (20-day high). A buy signal would be generated when the price closes below the support level, and a sell signal when it closes above the resistance. Execution would be based on the close price for daily backtests. A stop-loss of 5% below the entry price could be added for risk control, and positions held for up to 10 days if the target isn’t achieved. This approach could be tested using TURBOUSDC data to evaluate its effectiveness in a volatile crypto environment.