TURBO Price Nosedives 17% Despite Announcing Partnership with Animoca Brands

The TurboPrice plunged 17% in the last 24 hours to trade at a mere $0.005192 as of **the early morning hours** of 03:47 a.m. EST on trading volume that **surprisingly** rose 1% to $127 million.

The price of Turbo (TURBO) dropped 17% in the last 24 hours to trade at $0.005192 as of 03:47 a.m. EST on trading volume that rose 1% to $127 million. The drop made TURBO the top memecoin loser as many other tokens bounced back in the last 24 hours. The fall came despite Turbo announcing a major partnership with Animoca, a global leader in gamification and blockchain. The token aims to merge the realms of AI, creativity, and community, and has skyrocketed 2,193% since launch last year. The Turbo price, after dropping from its all-time high of $0.0097 on May 28, found support around $0.003626, according to data from Gecko Terminal. TURBO price bulls are using the support level to push the price of Turbo within an ascending triangle pattern. However, the token still trades below both the 50-day and 200-day Simple Moving Averages (SMAs) but still trades within the triangle. The drop from the SMAs, acting as resistance around $0.0053 and $0.00568, has pushed the token below the 50-midline to 43, indicating sellers’ dominance despite a 12% rise last week. The Turbo price analysis indicates that the token is on a retrace from the upper boundary of the ascending triangle but still trades within the ascending triangle pattern. If the bulls push the token above the upper boundary, bulls are currently targeting $0.010. However, if the bears exert more pressure at this point, the price of Turbo would retrace back to the $0.003517 support zone below the triangle. As the Turbo price plummets, the new AI memecoin WeinerAI ($WAI) is soaring in presale. And according to the 99Bitcoins YouTube channel, the $WAI token has the potential to surge 100X after its launch.

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