Summary
• Price tested key support at $0.002 before rebounding with bullish momentum.
• Volume surged during late-night session, confirming bearish breakdown.
• RSI suggests overbought conditions mid-day, followed by sharp correction.
• Bollinger Bands show tightening volatility before recent breakouts.
Market Overview
Turbo/USDC (TURBOUSDC) opened at $0.002009 on 2025-12-11 12:00 ET, reached a high of $0.002067, and closed at $0.001937 by 2025-12-12 12:00 ET, with a low of $0.001896. Total 24-hour volume was 115,560,849.5, and notional turnover was $236,544.84.
Structure & Formations
Price found key support at $0.002 early in the session, forming a bullish rebound. A strong bearish engulfing pattern developed during the overnight hours, confirming a breakdown to new lows. A doji appeared at $0.002011 around 03:45 ET, signaling indecision.
The recent low of $0.001896 may now serve as a critical support level.
Moving Averages
On the 5-minute chart, price closed below the 20 and 50-period moving averages, reinforcing the bearish bias. The 50-period line is now at $0.002016. On a daily basis, the 50, 100, and 200-period MAs all appear to be converging lower, suggesting further downside risk remains intact.
Momentum Indicators
MACD turned negative in the late-night session and remains below the signal line, indicating fading bullish momentum. RSI reached overbought levels around 2025-12-11 21:30 ET before a sharp sell-off brought it into oversold territory. Divergence between price and RSI during the morning session suggests caution ahead.
Bollinger Bands
Volatility contracted overnight between 22:00 and 04:00 ET before a sharp move lower widened the bands. Price has remained near the lower band for much of the day, suggesting continued bearish pressure. A move above the 20-period upper band at $0.00204 could indicate a short-term reversal attempt.
Volume & Turnover
Volume surged during the late-night and early-morning hours, particularly between 21:00 and 04:30 ET, coinciding with the key breakdown to new lows. However, turnover weakened during the midday consolidation phase, indicating reduced conviction in the bearish move.
Fibonacci Retracements
The 61.8% retracement level of the overnight swing was at $0.001998, which held briefly before price broke through. On the daily chart, the 50% retracement of the recent high to low is at $0.001968, which may now offer key resistance.
In the coming 24 hours, price may test the $0.001896 support or find buyers near $0.00194. Traders should be cautious of further volatility and possible follow-through selling if key supports fail.
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