The Turbo token (TURBO) has shown significant growth of 12% over the past 24 hours, attributed to a successful retest of its breakout level. TURBO is currently trading at $0.0067 with a market cap of $432 million.

Breakout and Retest

The main factor driving the rally is the successful retest of the breakout line at $0.0049. On September 20, TURBO experienced a major breakout at $0.0055, climbing to $0.0065, a 25% increase from the breakout point. Geopolitical tensions led to panic selling, causing TURBO to retest the breakout line. The successful retest has now propelled TURBO to its next resistance level at $0.0069.

Is a Major Rally Ahead?

Popular crypto analyst @WorldofCharts recently shared a bullish outlook on TURBO, noting the token has a strong history of major rallies following breakouts. In a recent analysis, he stated: “#Turbo Looks Good For Midterm Breakout. Retest Has Already Confirmed. Check Recent Chart Data—When Turbo Breaks Consolidation, It Gives Strong Bullish Rallies. Look At Last Breakout, It Gave 1400% Gains!” With the breakout and retest already confirmed, the analyst anticipates a 200%+ bullish wave in the coming days.

Conclusion

With a successful retest and growing market momentum, TURBO could be gearing up for a major rally. It's crucial to remember that the crypto market is highly volatile, hence careful consideration is always advisable.

With a successful retest and increased market momentum, TURBO holds potential for significant growth. However, due to the volatility of the crypto market, careful risk assessment is necessary before making any investment decisions.