Turbo Price Hits All-Time High but Shows Signs of Overextension

Key Takeaways

• TURBO surged 1,800%, reaching $0.012 on October 14.
• RSI at 80% hints at a possible trend reversal.
• Potential decline towards the $0.009-$0.010 target.

TURBO’s price action went parabolic, with a massive rally from $0.00047 to a new all-time high of $0.012. While the bullish momentum has dominated, key technical indicators suggest the trend could be overextended.

As wave patterns hint at a possible shift, a correction may be on the horizon, providing a crucial test for TURBO’s ongoing uptrend.

Turbo Price Prediction

The price of TURBO started its rally at $0.00047 in late April, surging to an all-time high (ATH) of nearly $0.01 on May 28—a remarkable increase of almost 1,800%.

However, after hitting this peak, the price reversed, entering a bearish phase.

By July 5, TURBO had fallen to $0.0030, a level retested on Aug. 5. A higher low of $0.0032 emerged on Sept. 6, completing the ABC correction since the ATH.

Following this, a new bullish trend took shape, with the price breaking through the descending resistance and climbing to $0.0071 on Sept.28.

On Oct. 3, the price was retraced to $0.0047, and the broken resistance was tested as new support. This bounce triggered a 33% rally, allowing TURBO to recover its earlier losses and return to the prior high.

Horizontal resistance was reached on Oct. 9, and the price was temporarily rejected by 20%. However, this rejection was short-lived, and from Oct. 11, TURBO increased parabolically from a low of $0.0061 to a new all-time high of $0.012 on Oct. 14. 

The daily chart’s Relative Strength Index (RSI) is 80%, signaling overbought conditions. With the one-go increase, the price could be overextended and ready for a reversal.

Turbo Price Prediction 

A closer look at the hourly chart and the wave structure reveals that the rally might have completed a five-wave pattern. Between Sept. 5 and 19, the price advanced in a three-wave structure. 

The subsequent retest of the broken descending resistance as support marked the end of wave 4, leading to a sharp upward move in wave 5.

While wave five typically makes a new high, we didn’t anticipate this strong increase.  

In our previous analysis, we said that the depth of wave four could mean wave five will get shorter, but instead, wave five goes to the 2.272 Fib extension level.

This is why two possibilities lie ahead, although both point to a short-term downside.

We saw the completion of the five-wave move altogether, or the count is different, with its all-time high being wave three.

We expect a sharp downturn in both cases, but its depth and momentum will provide further insight into the previous structure count. 

Our first target would be $0.010, but the decline should be at least $0.0090.

Should it go lower, that could mean TURBO finished a five-wave move and is now entering a new bearish phase as it did after the previous all-time high. 

Read more: Turbo Price Prediction 2025: TURBO Price Analysis Shows AI Meme Coin Could Benefit