Market Overview for Turbo/USDC (TURBOUSDC) on 2026-01-03

Summary
• Price surged to $0.002051 before consolidating below key resistance at $0.00206.
• A bullish engulfing pattern formed near support at $0.001998, suggesting potential reversal.
• Volume spiked during the late session, aligning with a sharp price rebound.
• RSI moved into overbought territory but failed to sustain the rally above $0.00206.
• Bollinger Bands expanded during the breakout attempt, reflecting heightened volatility.

Turbo/USDC (TURBOUSDC) opened at $0.00189 on 2026-01-02 at 12:00 ET, surged to a high of $0.00215, and closed at $0.001986 on 2026-01-03 at 12:00 ET, after a session low of $0.001916. Total volume for the 24-hour period was 296,198,814.0 and turnover amounted to $591,000.

Structure & Formations

Price formed a strong bullish engulfing pattern near the support level of $0.001998, indicating a possible reversal. A failed breakout above $0.00206 and a doji near that level suggest short-term indecision.

Moving Averages

On the 5-minute chart, price closed below the 20-period and 50-period moving averages, signaling short-term bearish pressure. Daily moving averages show a broader uptrend, with the 200-period SMA providing a key support at $0.001925.

Momentum & Volatility

MACD crossed into positive territory during the late session, confirming renewed buying momentum. RSI reached overbought levels above 70, though failed to hold. Bollinger Bands expanded as volatility increased during the breakout attempt.

Volume & Turnover

Volume and turnover spiked late in the session, particularly around 20:30–21:30 ET, as price surged to $0.00215. The volume–price divergence observed after 02:00 ET suggests weakening momentum during consolidation.

Fibonacci Retracements

The $0.002051 high represents a 61.8% Fibonacci retracement of the prior leg down to $0.00192. Price stalled near this level and pulled back, suggesting it remains a critical resistance.

Turbo/USDC may test $0.00206 again in the next 24 hours, with a potential pullback toward $0.001998 if buyers remain strong. However, a failure to hold above $0.001998 could lead to a retest of $0.00192, with increased volatility expected around key levels. Investors should monitor volume for confirmation of direction.