TURBO Memecoin Soars 75% With $500M Volume Surge as AI Hype Fuels Rally

Key Takeaways

• TURBO has skyrocketed 145% in seven days, including a 75% surge in the last 24 hours, making it a top-performing crypto.
• Trading volume surged by 733% to nearly $500 million, signaling intense interest and suggesting that the uptrend may continue.
• TURBO shares a high correlation with Bitcoin, implying that continued BTC gains could fuel further upside for the memecoin.
• Bullish indicators like MACD and AO support more upside, with possible targets at $0.0069 — unless profit-taking rises.

Registering a 145% price increase within the last seven days is not something many cryptos can boast. But for the TURBO coin price, its 75% increase within the last 24 hours has ensured that it is one of the few cryptos outperforming the market.

This development comes after Donald Trump’s recent decision to pause trade war tariffs. As risk appetite returns, the market might wonder if speculative assets like TURBO can maintain this momentum, or is a cool-off imminent?

TURBO Breaks Downtrend Amid Surging Interest

TURBO, which prides itself as the first-ever AI-themed memecoin, has climbed to $0.0045 amid the incredible price increase. This price rise represents the highest the memecoin has reached since Feb.2.

As the memecoin’s price climbed, so did its trading volume. According to Santiment, TURBO’s trading volume hovered under $60 million on Tuesday, April 22.

However, as of press time, the volume has surged to nearly $500 million—a staggering 733% increase. This sharp rise in trading activity signals heightened interest. Typically, rising volume alongside increasing price is a bullish sign. But if volume falls in this case, the uptrend has become weak.

Therefore, the spike in volume suggests that the TURBO coin price rally may have more legs, at least in the short term.

BTC Had a Role to Play

Besides the impact of the volume, it also appears that Bitcoin (BTC) played a huge role as TURBO’s price jumped. In the last seven days, BTC has moved from $84,000 and traded close to $95,000.

According to IntoTheBlock, TURBO shares a strong correlation with Bitcoin compared to other cryptos with a large market cap. As seen below, the TURBO/BTC correlation coefficient stands at 0.87.

This coefficient or matrix ranges from -1 to +1. Values close to -1 indicate weak correlation, while those close to +1 signify strong, similar directional movement.

Therefore, if Bitcoin’s price continues to rise, the TURBO coin price will likely follow the same direction.

TURBO Price Prediction: Moon Mission Not Complete

Examining the technical outlook, CCN noticed that the 75% 24-hour surge has helped TURBO’s price break above a long-standing downtrend. The memecoin is now flirting with the 0.786 Fibonacci level on the daily chart, indicating that bullish momentum is solid.

Also, the Awesome Oscillator (AO) has formed a bullish twin peak, with its rating moving to the positive region. Should the AO reading continue to rise, the TURBO coin price might do the same.

Like the AO, the Moving Average Convergence Divergence (MACD) formed a bullish divergence, reinforcing the thesis mentioned earlier. If this trend continues, TURBO’s market value could soar to $0.0069, close to the 0.618 golden pocket ratio.

If the broader market condition continues to improve, then the memecoin could hit $0.010. However, if the cryptocurrency gets overbought, it could lead to profit-taking.

In that case, the selling pressure could invalidate the bullish bias and drag TURBO memecoin to $0.0013.