Market Overview for Turbo/USDC (TURBOUSDC)

Summary
• Price fell from 0.001964 to 0.001934, showing bearish control after a failed rally.
• Volume surged in early ET hours but faded in the afternoon, signaling exhaustion.
• RSI and MACD suggest moderate oversold conditions, hinting at potential short-term bounce.
• Bollinger Bands contracted in late morning, pointing to higher volatility ahead.
• Key support appears near 0.00192–0.00193, with resistance at 0.001945.

24-Hour Summary

Turbo/USDC (TURBOUSDC) opened at 0.001945 on 2026-01-10 at 12:00 ET, reached a high of 0.001964, and closed at 0.001934 by 12:00 ET on 2026-01-11. Total volume amounted to 98,475,742.0 and notional turnover stood at 193,894.94 USD.

Structure & Formations

Price tested a key resistance cluster near 0.001964–0.001962 in the early morning but failed to break through, closing lower in bearish engulfing patterns. A key support zone formed between 0.00192 and 0.00193, where the price spent several hours. A doji formed around 0.001941 in the afternoon, signaling indecision and potential reversal if buyers enter.

Moving Averages

On the 5-minute chart, price is below both the 20-period (0.001944) and 50-period (0.001942) moving averages, indicating short-term bearish bias. On the daily chart, the 50-period MA is near 0.001938, aligning with current price levels and suggesting a possible pivot point.

Momentum and RSI

The RSI dropped below 30 during the late afternoon, suggesting oversold conditions and a potential rebound. However, the divergence between price and RSI during the midday pullback implies caution, as momentum has weakened during declines.

Bollinger Bands and Volatility

Bollinger Bands narrowed during a quiet period in the late morning, indicating a possible breakout or breakdown in the near term. Price has since tested the lower band and held above 0.001925, with signs of consolidation.

Volume and Turnover

Trading volume spiked in the early hours (notably around 20:00–21:00 ET) but declined sharply in the afternoon, suggesting fading selling pressure. Turnover was generally aligned with price moves, but the drop-off in volume during the late decline hints at waning bearish conviction.

Fibonacci Retracements

Recent 5-minute swings show key Fibonacci levels at 0.001948 (38.2%), 0.001939 (50%), and 0.001927 (61.8%). The price found temporary support at the 50% level but struggled to push above 0.001948, a critical resistance zone for a short-term reversal.

Outlook

Price appears to be consolidating near the 0.001925–0.00194 support/resistance pivot, with potential for a short-term bounce if buyers step in. A breakout above 0.001948 could attract further buyers, but a retest of the 0.00192 level could lead to extended losses. Traders should watch for volume confirmation or a reversal pattern on the next 5-minute candles.