- Turbo crypto soared 25% on Christmas Eve amid strong AI sector traction.
- With 85% in profit, will Turbo crypto recovery extend?
Turbo crypto rallied 25% on Christmas Eve, a ‘Santa rally’ that lifted AI agents and NFT segments by 8% and 5% on average, respectively.
As an AI memecoin, Turbo crypto benefited from the sector’s traction. Its daily trading volume surged to $370M, a whopping 200% increase.
This allowed the token to reverse nearly half of its December losses. But can the recovery be extended?
Turbo crypto hits roadblock
Source: TURBO/USDT, TradingView
Turbo’s October correction had eased and reversed at the channel’s range low. The December dump followed the same trend. However, the token hit the mid-range level at press time.
If past trends repeat, Turbo crypto could consolidate at the mid-range before attempting to eye that range-high of $0.014. If so, late bulls could accumulate at this level with a 30% potential gain.
However, the projection will be invalidated if the price decisively moves below the 50-day Moving Average.
The 12-hour chart RSI indicated potential room for growth before the Turbo becomes overheated and overbought.
Unfortunately, the CMF toiled below the median level at press time, suggesting that capital flows were still below average to push the recovery forward.
85% Turbo crypto holders in profit
That said, 85% of Turbo crypto holders were in profit, exposing the asset to potential profit-booking if price stalls for an extended period at the mid-range.
Source: IntoTheBlock
The above theory was evident by the piling of leveraged short positions at $0.012, as illustrated by the liquidation heatmap.
Read Turbo [TURBO] Price Prediction 2025-2026
This meant that Futures traders were shorting the meme-coin slightly above the mid-range level.
Source: Coinglass
Unless there’s a violent short squeeze for Turbo to blast forward to the upper channel, stalling above the mid-range could drag the token to the 50-day MA or range lows.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
