Market Overview for Turbo/USDC on 2025-12-10

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Wednesday, Dec 10, 2025 11:03 pm ET1min read
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Aime RobotAime Summary

- TURBOUSDC price dropped 6.6% to 0.00213, forming bearish engulfing and dark cloud cover patterns with key support at 0.00213.

- RSI hit oversold 25 level while MACD remained negative, signaling weak bullish momentum despite potential short-term bounce.

- Volatility surged with Bollinger Bands widening, as price tested lower band multiple times amid uncertain market sentiment.

- Early volume spike failed to confirm bearish conviction, showing divergence between price action and trading volume.

- 20-period MA acted as dynamic resistance below 0.00218, with Fibonacci levels indicating potential for 0.00213-0.00222 range trading.

Summary
• Price declined sharply from 0.002282 to 0.00213, forming bearish engulfing and dark cloud cover patterns.
• RSI entered oversold territory near 25, suggesting potential short-term bounce but weak bullish momentum.
• Volatility expanded as Bollinger Bands widened, with price trading near the lower band.
• Volume surged in the first half of the day, but turnover failed to confirm strong bearish conviction.
• 20-period MA on 5-min chart acted as dynamic resistance, reinforcing downward pressure.

Price and Volume Summary


Turbo/USDC (TURBOUSDC) opened at 0.002282 at 12:00 ET − 1 and closed at 0.00213 at 12:00 ET, with a high of 0.00229 and low of 0.002102. Total 24-hour volume was 113,079,515.0 and notional turnover stood at $244,802.30.

Structure & Formations


Price action showed a distinct bearish bias over the 24-hour period, with key support forming near 0.00213 and resistance at 0.00227. A bearish engulfing pattern was observed at the start of the selloff, followed by a series of dark cloud covers and bearish hammers, all reinforcing downside pressure.

Moving Averages and Momentum


The 20-period and 50-period moving averages on the 5-minute chart both moved lower, remaining above the current price and reinforcing bearish momentum. RSI declined to below 30, signaling
oversold conditions, while the MACD histogram remained negative and shrinking, suggesting potential for a short-term consolidation or minor pullback.

Volatility and Bollinger Bands


Volatility increased significantly in the latter half of the 24-hour window, with Bollinger Bands expanding and price testing the lower band multiple times. This behavior suggests a period of uncertainty and a potential increase in price swings going forward.

Volume and Turnover


Volume spiked early in the session, with a peak at 0.002264, but turnover failed to follow, indicating weaker conviction in the selloff. The divergence between volume and price suggests bears are losing steam and a short-term bounce could be in the cards.

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Fibonacci Retracements


On a 5-minute chart, the 61.8% Fibonacci retracement level was briefly tested near 0.00216, but failed to hold. On the daily chart, the key 38.2% retracement level remains at 0.00218, offering a potential near-term pivot.

Price may find temporary support near 0.00213 and face resistance at 0.00218 in the next 24 hours. A break below 0.00213 could trigger further downside, while a rebound above 0.00218 may test 0.00222. Investors should remain cautious as volatility is likely to persist.