In-depth analysis
1. Market sentiment change (bearish impact)
Overview:
Cryptocurrency markets have entered 'fear' territory (index 29) with Bitcoin dominance reaching 59.14% – its highest level since June 2025. The Altcoin Season index has dropped by 33% over a month, signaling reduced appetite for speculative assets like memecoins.
In short:
the underperformance of Turbo (-3.32%) compared to Bitcoin (-2.23%) is explained by its high volatility. Memecoins tend to lose appeal quickly during risk-off periods, with investors favoring liquidity over narrative stakes.
To watch:
the price movement of BTC around the support of $93,000 – a downward break could intensify altcoin sales.
2. Technical weakness (bearish impact)
Overview:
TURBO has broken below its 7-day simple moving average ($0.00175) and its 30-day exponential moving average ($0.001936), with the MACD histogram at -0.000041 indicating an acceleration of bearish momentum. The RSI14 (39.65) suggests further downside potential before reaching the oversold zone.
In plain terms:
technical analysts likely liquidated their positions after the breakdown, thus increasing selling pressure. The next key support is at the Fibonacci retracement level of 78.6% ($0.00166), which is 3.6% below the current price.
3. Cascade liquidation of derivatives (bearish impact)
Overview:
Binance Futures saw the $TURBO drop by 10.6% in 24 hours ( @Adanigj ), with liquidations likely amplified by the high turnover rate of Turbo (24.7%) – indicating low liquidity depth relative to market capitalization.
In plain terms:
forced sales in the derivatives markets have spread to the spot markets, creating a vicious cycle. The low amount of Memecoins in circulation makes them particularly vulnerable to such cascading effects.
Conclusion
The pullback of Turbo reflects a triple threat: macroeconomic headwinds, technical failures, and the volatility of derivatives. Although the 30-day chart still shows a gain of 21.89%, investors seem to be taking profits amid widespread uncertainty. Key point: Can Turbo maintain above the Fibonacci level of 78.6% ($0.00166) to avoid a new test of the December lows?\u003cc-54/\u003e
