Coinbase International Exchange (CIE) and Coinbase Advanced will open a perpetual futures market for Turbo ($TURBO) next week.
According to a Twitter post by the offshore arm of the crypto exchange, the TURBO-PERP market will be available for traders from 9:30 am UTC on October 24.
This major feat comes barely a month after the frog-themed AI meme coin was listed on Binance along with the likes of NEIRO and BABYDOGE.
Since its spot listing on Binance, $TURBO has been on an impressive price run, surging 111% over the past 30 days to hit a peak price of $0.013. While its value has dropped 5% from yesterday’s high, the Ethereum-based meme coin is still up 50% on the weekly charts.
Turbo’s market cap has also grown from $200 million to approximately $600 million in just a few weeks, underscoring the heavy impact of its Binance listing.
Being the largest crypto exchange in the world in terms of daily trading volume, it comes as no surprise that Turbo’s presence on Binance has drastically improved its market demand.
Will Coinbase’s upcoming perpetual futures listing push the $TURBO price to another high?
Turbo Technical Analysis
After a prolonged period of consolidation (between Sep 16 and Oct 14), the Turbo price broke out steadily, hitting a new ATH at $0.013. However, early profit booking commenced in the market, resulting in a slight price reversal.
This, as evidenced in the charts, has resulted in the formation of a descending parallel channel, suggesting that bears are bracing up to take control. However, the bulls are still maintaining their dominance as the movement above all the moving averages, including the 50-day Simple Moving Average (SMA) (green), and the 200-day (blue), has steadied.
In this case, the $0.009 and $0.006 coinciding with the 50-day and 200-day SMA, respectively, act as immediate support levels in the Turbo market.
The Relative Strength Index (RSI) currently sits at 51.07. This is an equilibrium position, suggesting that the token is neither overbought nor oversold. Increased momentum from either the bulls or the bears at this level will determine the eventual direction of the Turbo price.
That being said, the Moving Average Convergence Divergence (MACD) indicates a new bearish outlook on the four-hour charts. A sell signal manifested when the blue MACD line flipped below the orange signal line, revealing that declines should be expected in the Turbo market.
As the momentum indicator gradually ascends above the mean line and into the positive region, the path with the least resistance stays on the upside.
Turbo Price Prediction
A zoomed-out look at the daily charts shows that both the bulls and the bears are wrestling for control of the Turbo market. On the upside, if the support levels hold intact, the Turbo price could surge, potentially reclaiming its current ATH at $0.013.
On the downside, if the bears capitalize on the MACD, which portrays some bearish sentiment, the turbo price could drop. In such a case, the $0.009, coinciding with the 50-day SMA, would be in line to absorb the potential selling pressure.
With that being said, one major factor that could ignite another heavy pump for $TURBO is its upcoming listing on the Coinbase perpetual futures market. Already, the frog-inspired meme coin has been listed on major exchanges like Binance, KuCoin, and Crypto.com. With Coinbase’s listing on the horizon, Turbo, according to top crypto YouTube channel Cryptonews could potentially witness another substantial price growth.
Meanwhile, as analysts and traders continue to monitor Turbo’s performance on the price charts, Pepe Unchained, an upgraded version of Pepe with a revolutionary utility idea, is generating tremendous buzz in its ongoing presale.
Pepe Unchained ($PEPU) – The Next Low Cap Meme Coin Success Story?
Pepe Unchained ($PEPU) has emerged as one of the hottest, most in-demand ICO cryptos in the crypto town. Since its launch, this innovative meme coin project has been drawing the interest of the wider investing community with its unique Pepe branding and versatile Layer-2 functionality.
While most meme coins, including Pepe are still confined to layer-1 chains, Pepe Unchained has taken a completely unique posture by developing a Layer-2 blockchain that will bring down transaction costs, offer ultra-fast throughput, and enrich investors’ overall experience, giving it an edge over its predecessors.
It is the first meme coin to build a native Layer 2 ecosystem, adorned with a host of advanced components, including builders’ grants, advanced analytics, bridge, DEX, block explorer, and more. The chain is said to be 100x faster than Ethereum, ensuring that investors do not miss out on any potential market opportunities. This strategic offering not only carves a solid niche for Pepe Unchained but also boosts its overall market appeal and credibility.
Another vital attraction for this meme coin is its staking perks. Beyond offering an advanced blockchain functionality that investors may not find in other meme coins, the project is also capturing the imaginations of whales and casual investors with its attractive passive reward.
At the time of writing, presale buyers can earn three-digit APY on their staked tokens. With that, Pepe Unchained discourages immediate sell-offs and incentivizes long-term holding.
Adding an extra layer of legitimacy to Pepe Unchained is its full audits from two famous blockchain security firms – Coinsult and SolidProof. The project is also backed by prominent crypto news outlets such as Bitcoinist, Watcher Guru, Cryptonomist, and Crypto Daily, confirming its reliability as an investment opportunity.
Meanwhile, having surpassed the $20 million milestone, Pepe Unchained has now broken into the list of the most successful crypto presales of 2024.
According to 99Bitcoins, a well-known crypto YouTube channel with over 700k subscribers, multiple factors including its viral presale, low market cap, rapidly growing social media popularity, and novel utility will work together to give Pepe Unchained a 100x pump upon launch.
Those interested in buying the token ahead of its imminent DEX debut can visit its official website to join the presale. Priced at $0.0106, $PEPU can be purchased with ETH, USDT, BNB, and credit/debit cards.
For the latest information about the project, follow Pepe Unchained on X or join its Telegram channel.
