TURBO AI Memecoin Surges 12% Amid Whale Accumulation

TURBO, the first-ever AI memecoin, has recently experienced a significant surge, rallying 12% within a 24-hour period on July 14th. This rally coincided with a broader resurgence in the cryptocurrency market and was driven by bullish technical setups and substantial whale accumulation, indicating strong short-term liquidity.

Analysts have been closely monitoring TURBO's price movements, with a particular focus on the $0.015 mark as a potential target. A technical analyst predicted that a breakout above $0.006 could trigger a surge toward $0.015, provided that volume and price structure continue to hold. This prediction was based on a 3-day chart pattern that showed TURBO printing bullish candles, with simulations indicating a potential rally exceeding $0.02.

The weekly chart of TURBO reveals a 90% drawdown from its previous major leg up, placing it at a deep discount. This correction phase ended with a bullish engulfing candle, which triggered a breakout above the 0.786 Fibonacci level at $0.0035. The Chaikin Money Flow was at 0.03, suggesting capital inflow into the crypto as the value was above the neutral level. This further supported the prediction, as crypto price movements are heavily influenced by volume.

For TURBO to maintain its momentum, it must stay above the 0.618 retracement level near $0.006. A clean close above this zone could open the door to $0.0075. However, failure to hold this level may result in a drop toward $0.0014, potentially forming a double top at $0.006. If the current trend of higher highs and higher lows continues, a run to $0.015 remains firmly on the table.

Whale dominance has also played a significant role in TURBO's recent performance. With a market cap of $285 million, TURBO's market cap is about 2.7 times less than its peak in October 2024. The number of holders has continued to rise since early June, with a total of 56.12K. Addresses holding more than $100K TURBO account for only 0.42% of the total but control almost 57% of the supply. This leaves only 43% to retail investors, with a significant portion holding less than $1000 TURBO.

The distribution by time held shows that "Cruisers" (mid-term holders) make up 63.96%, compared to just 4.94% "Traders," suggesting that the base is more committed than speculative. This whale dominance and the commitment of mid-term holders add to the confluence of factors supporting TURBO's potential rally toward $0.015.