TURBO rallies to 3-month high, but THIS metric hints at a pullback- Why?

Over the past 24 hours, Turbo [TURBO] experienced a strong upswing, hitting a three-month high of $0.0059.

Since then, the memecoin has slightly retraced.

In fact, at the time of writing, TURBO traded at $0.00553 — still marking a 23% daily gain.

During the same period, the altcoins Volume surged by 123.5% to reach $352.4 million, while Open Interest rose by 30%, hitting a year-to-date high of $72 million.

Since the 22nd of April, TURBO has skyrocketed over 172% and now boasts a market cap of $370 million. With these massive gains, the question is whats driving the uptrend？

According to AMBCryptos observation, strengthening fundamentals, as Active Addresses surge, is one factor driving this uptrend.

Looking at the Price DAA Divergence, the number of Active Addresses is rising strongly, hitting a weekly high of 2.5k.

Source: Santiment

Of course, the Price DAA divergence remained in positive territory throughout the week, suggesting that network activity grew faster than the price.

Typically, a swelling user base points toward organic demand, not mere speculative hype.

Historically, real demand has paved the way for sustained rallies rather than short-lived pumps.

Can TURBO sustain the uptrend？

While TURBOs fundamentals are strengthening, activities on exchanges show investors are in disbelief and thus are aggressively taking profits.

Inasmuch so, Exchange Flow Balance has held within positive territory throughout the week, reaching a high of 166 million tokens.

Over the past 24 hours, the Exchange Flow Balance reached 34.1 million. This implies a positive Exchange Netflow with more deposits than withdrawals.

Source: Santiment

Source: Coinalyze

Whats next for the AI-memecoin？

According to AMBCryptos analysis, TURBO is experiencing short-term upward momentum as speculative buyers dominate the market.

Source: TradingView

Based on these conditions, TURBO could face a pullback as sellers are active on exchanges, while prices are overheated.

If a correction emerges here, we could see a retrace to $0.00498. However, if the short-term gains hold with speculators in the market, the memecoin can hit $0.0064 before correction.

Next: Will Bitcoin surge higher？ – $95K resistance holds the answer!