Market Overview for Turbo/USDC (TURBOUSDC): 24-Hour Breakdown

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Thursday, Jan 8, 2026 12:19 am ET1min read
TURBO
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Aime RobotAime Summary

- TURBOUSDC tested 0.001965 support, rebounded but failed to reclaim 0.002015 highs amid weakening RSI below 30.

- Sharp 23:00 ET volume spike at 0.001963 and bearish engulfing pattern at 0.001990 signaled sustained selling pressure.

- 20/50 SMA bearish crossover and MACD divergence reinforced downward bias as price closed below all major moving averages.

- 38.2% Fibonacci retracement at 0.001985 failed to hold, suggesting sellers dominate below 0.001970 with potential for further declines.

Summary
• Price tested key support near 0.001965, rebounding but failing to reclaim prior highs above 0.002015.
• Momentum weakened as RSI dipped below 30, suggesting potential oversold conditions by 04:45 ET.
• Volume spiked during the sharp decline to 0.001935 but reversed sharply with minimal follow-through buying.
• A bearish engulfing pattern formed near 0.001990, followed by a brief consolidation phase.
• Bollinger Bands widened during the decline, signaling increased volatility but limited directional resolution.

Turbo/USDC (TURBOUSDC) opened at 0.002006 on 2026-01-07 12:00 ET, reached a high of 0.002023, a low of 0.001935, and closed at 0.001947 by 2026-01-08 12:00 ET. Total volume was 30.6 million units, with a turnover of approximately 56,849 USDC over the 24-hour window.

Structure & Formations


Price formed a bearish engulfing pattern near 0.001990, followed by a series of lower highs and lower lows, indicating bearish control. A notable doji appeared at 0.001997, hinting at indecision among buyers. Key support levels were identified at 0.001965 and 0.001935, both of which saw strong rejection and temporary stabilization.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages were both bearishly aligned, with the 20-SMA crossing below the 50-SMA in the early morning hours. On the daily chart, the price closed below the 50-, 100-, and 200-period moving averages, reinforcing the bearish bias.

Momentum & Volatility


RSI dropped below 30 during the late evening hours, signaling oversold conditions, but failed to trigger a strong rebound. MACD lines remained negative throughout the session, with bearish divergence between price and momentum. Bollinger Bands widened during the sharp decline, indicating heightened volatility without clear direction.

Volume and Turnover


The largest volume spike occurred at 23:00 ET, when price dropped to 0.001963, suggesting aggressive selling pressure. However, buying interest appeared limited during the rebound from 0.001935, with turnover failing to confirm the price action. This divergence raises questions about the sustainability of a near-term reversal.

Fibonacci Retracements


The decline from 0.002023 to 0.001935 saw a partial recovery at the 38.2% retracement level of around 0.001985, but failed to hold at the 61.8% level near 0.001978. This suggests that sellers may be more aggressive below 0.001970, while buyers remain hesitant to push price back above key resistance.

Looking ahead, the market could test the 0.001965 support level again, with a potential rebound to the 0.001980–0.001990 range if buyers step in. However, a breakdown below 0.001935 could accelerate further declines, and investors should closely monitor volume and RSI for signs of exhaustion or follow-through.