A crypto investor recognized as BTC12 Capital (leishen.eth) incurred a large loss by prematurely promoting the cryptocurrency $TURBO, lacking out on a considerable revenue that would have exceeded $4 million if held longer.
On Might 7, 2023, BTC12 Capital, working beneath the pseudonym leishen.eth, made a major funding within the cryptocurrency $TURBO, spending roughly $1.14 million. Nonetheless, the choice to promote simply 5 days later resulted in a staggering lack of $658,000, marking a 58% lower from the preliminary funding.
Turbo Value Evaluation: How is the Meme Coin Doing Right this moment?
Analyzing the meme coin’s charts, we see that the chart reveals a major uptrend within the worth of Turbo, marked by rising inexperienced candlesticks. Lately, the worth has reached a excessive of roughly 0.0095 USDT, pushing the higher restrict of the Bollinger Bands, indicating robust upward momentum. The value is at present above the center band (the 20 SMA) and the higher band, suggesting the market is bullish within the brief time period.
Then again, the Common Directional Index (ADX) is at a excessive worth of 64.90, indicating a robust development. An ADX above 25 usually signifies a powerful development, and values above 50 recommend a mighty development. This helps the commentary of the robust bullish momentum in Turbo. Then again, the Superior Oscillator (AO) reveals rising inexperienced bars, reflecting rising bullish momentum. The optimistic values point out that the short-term interval is trending increased than the long-term interval, confirming the energy of the present uptrend.
