TURBO/USDT Major Downtrend Under Pressure Breakout or Rejection?

Wait 5 sec.

TURBO/USDT Major Downtrend Under Pressure Breakout or Rejection?Turbo / USDTMEXC:TURBOUSDTCryptoNuclearTURBO/USDT on the 1D timeframe is still moving within a clear medium-term downtrend structure. Price continues to print lower highs and lower lows, capped by a well-respected descending trendline that has been tested multiple times since the previous peak. Currently, price is making a short-term bullish pullback and approaching this critical trendline area. --- Pattern Explanation The dominant structure is a Descending Trendline (Bearish Bias). However, recent price action shows a relief rally, which could evolve into: An early bullish breakout, if price breaks and holds above the trendline. A continuation lower high, if price gets rejected and fails at resistance. This places price in a key decision zone. --- Key Levels Resistance Zones: 0.00250 – minor resistance 0.00300 – key resistance 0.00390 – structural resistance 0.00450 – major resistance 0.00510 – supply zone 0.00620 – extreme resistance / previous distribution Support Zones: 0.00200 – short-term support 0.00165 – critical support 0.00145 – last major support --- Bullish Scenario Bullish confirmation occurs if: Price breaks and closes strongly above the descending trendline on the daily timeframe. Followed by a clean retest with increasing volume. Potential upside targets: 0.00250 0.00300 0.00390 0.00450 A clean break above 0.00300 could signal an early medium-term trend reversal. --- Bearish Scenario Bearish continuation remains valid if: Price fails to break the trendline and forms a strong rejection candle. Strong selling pressure appears around 0.00250 – 0.00300. Potential downside targets: 0.00200 0.00165 0.00145 A breakdown below 0.00165 may open the door for further downside continuation. --- Conclusion TURBO/USDT is currently trading at a highly critical technical zone. As long as price remains below the descending trendline, the broader structure stays bearish. A confirmed daily breakout above the trendline would be the first early signal of a potential trend reversal. Waiting for confirmation is strongly recommended. --- #TURBO #TURBOUSDT #CryptoAnalysis #Altcoin #TechnicalAnalysis #Downtrend #Trendline #Breakout #Bearish #Bullish #PriceAction