Market Overview for Turbo/USDC (TURBOUSDC) on 2026-01-16

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 16, 2026 11:43 pm ET1min read
TURBO
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Aime RobotAime Summary

- TURBOUSDC price dropped to 0.001772, forming a bearish engulfing pattern near 0.001828.

- RSI fell below 30 (oversold) while volume spiked to 34M during 20:00–21:15 ET price decline.

- Bollinger Bands contracted and Fibonacci levels at 0.001785/0.001756 provided key short-term support.

- Bearish divergence in MACD and 50/200-period MA crossovers reinforced ongoing downtrend.

Summary
• Price declined from 0.001845 to 0.001772, forming a bearish engulfing pattern near the 0.001828 level.
• RSI dropped below 30, suggesting oversold conditions and potential short-term reversal.
• Volume spiked to over 34 million during the 20:00–21:15 ET timeframe, coinciding with a sharp price drop.
• Bollinger Bands showed contraction late in the day, hinting at a potential breakout.
• Fibonacci levels at 0.001785 and 0.001756 provided short-term support and next target for further downside.

Turbo/USDC (TURBOUSDC) opened at 0.001828 on 2026-01-15 at 12:00 ET and reached a high of 0.001845 before closing at 0.001772 on 2026-01-16 at 12:00 ET. The price traded as low as 0.001733. Total volume for the 24-hour period was 117,152,210.0, with notional turnover amounting to 204,284.24.

Structure & Formations


Price action formed a bearish engulfing pattern following a strong upward move in early trading, which was then reversed as selling pressure intensified. A bearish doji formed around 0.001787, indicating indecision among traders. Key support levels emerged at 0.001785 (38.2% Fibonacci) and 0.001756 (61.8% Fibonacci), with the latter appearing to contain the price during the late afternoon. Resistance levels at 0.001807 and 0.001823 were tested multiple times but failed to hold during periods of high volume.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages remained in a bearish crossover, reinforcing the downward trend. On the daily timeframe, the 50-period and 200-period moving averages showed a potential bearish crossover, which may signal further consolidation or a continuation of the downtrend.

Momentum & Volatility


MACD showed a bearish divergence as price hit new lows but failed to generate strong bearish momentum, while RSI crossed into oversold territory, hinting at a potential bounce. Bollinger Bands displayed a narrowing during the last hours of the session, indicating a potential breakout in the near term. Volatility expanded during the late trading hours, coinciding with a sharp price decline and high-volume trading.

Volume & Turnover

Volume spiked sharply between 20:00 and 21:15 ET, reaching over 34 million, with a corresponding drop in price. Notional turnover followed a similar pattern, confirming the bearish bias. Divergences were not observed during the session, but price and volume aligned closely during key breakdowns.

Forward Outlook


With key support levels tested and RSI in oversold territory, a short-term rebound could be in the cards, though the overall trend remains bearish. A break below 0.001756 could trigger further declines, while a retest of 0.001807 may indicate a potential reversal. Investors should remain cautious and watch for confirmation on the next 24-hour timeframe.