Market Overview for Turbo/USDC (TURBOUSDC) – October 7, 2025

• • •

• Price dropped 12.8% over 24 hours, with TURBOUSDC closing near a key support level at $0.003835.
• Bullish divergence emerged in late hours as price found support while RSI showed stabilizing momentum.
• High volatility seen in the 15-minute chart, with a low of $0.003608 amid heavy volume in the afternoon.
• MACD turned negative, but RSI near oversold levels suggests a potential short-term rebound.
• Volume spiked in late morning, with a $0.00377–$0.00383 consolidation pattern forming ahead of a possible breakout.

Opening and Closing Summary

Turbo/USDC (TURBOUSDC) opened at $0.003901 on October 6, 2025, at 12:00 ET, and closed at $0.003835 by the same time on October 7, 2025. The pair reached a high of $0.003964 and a low of $0.003608 within the 24-hour window. Total trading volume amounted to approximately 37,995,593 units, while the notional turnover was around $149,300.

Structure & Formations

The price experienced a sharp drop after reaching a short-term high of $0.003964 in the early evening of October 6. A bearish breakout below the descending channel occurred, signaling a potential continuation of the downward trend. A key support level appears to be forming around $0.003835, which has been tested twice during the session. A bullish engulfing pattern emerged in the final 15-minute candle of the day, suggesting a possible short-term reversal. A doji at $0.003831 further reinforced the idea of indecision at the support.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA (death cross), reinforcing the bearish bias. On the daily chart, the price closed below both the 50 and 200-period MAs, indicating a strong bearish trend at both timeframes. The 100-period MA is currently at $0.00385, which could act as a key level to watch in the coming hours.

MACD & RSI

The MACD turned negative in the late morning, with the line crossing below the signal line, confirming the bearish momentum. RSI, however, has fallen into the oversold territory below 30, which may hint at a potential short-term bounce. The divergence between the two indicators suggests that while the downward trend is strong, there could be a near-term countertrend pullback.

Bollinger Bands

Volatility expanded significantly in the early afternoon as the pair dropped from $0.003818 to $0.003608. The price closed near the lower band at $0.003835, which has acted as a temporary floor. The contraction in the Bollinger Band width during the overnight session suggests reduced volatility, but the recent expansion has increased the likelihood of a breakout either way.

Volume & Turnover

The highest volume was recorded around 14:15 ET, coinciding with the sharp drop from $0.003803 to $0.003730. This move was confirmed by a large notional turnover of around $68,000 in that 15-minute period. In the late hours, volume dropped significantly, with the last hour showing a volume of only 954,767 units. The price-volume divergence in the early afternoon suggests a bearish confirmation, but the recent consolidation has seen volume stabilizing, hinting at potential support being reinforced.

Fibonacci Retracements

Key Fibonacci levels based on the recent 15-minute swing from $0.003964 to $0.003608 include:- 23.6% at $0.003851- 38.2% at $0.003779- 50% at $0.003786- 61.8% at $0.003711- 78.6% at $0.003646

The price appears to have found support at the 61.8% level of $0.003711, with a rebound forming in the late afternoon. The 38.2% level at $0.003779 will be critical in the next 24 hours to gauge strength in any potential bounce.

Backtest Hypothesis

Given the bearish structure and RSI oversold condition, a possible backtesting strategy could involve a long-position entry at the 61.8% Fibonacci retracement level ($0.003711) with a stop loss placed below the previous swing low at $0.003608. A take-profit target could be set at $0.003835 or the 38.2% level of $0.003779, assuming the price consolidates and shows a reversal sign. This strategy would leverage both price action and Fibonacci levels for structured risk management and profit potential.