Latest Turbos Finance (TURBOS) Price Analysis

By CMC AI
28 May 2025 10:09PM (UTC+0)

Why is TURBOS’s price up today? (28/05/2025)

TLDR

Turbos Finance (TURBOS) rose 21.7% in 24 hours due to its unaffected status in the $260M Cetus Protocol hack and bullish technical momentum.

  1. Security assurance post-Cetus exploit drove confidence in Turbos’ Sui-based DEX.

  2. Technical breakout above key moving averages and rising volume.

  3. Sui Network volatility redirected liquidity to Turbos as a perceived safer alternative.


Deep Dive

1. Primary catalyst: Security validation post-Cetus exploit

Turbos Finance confirmed on May 25, 2025, that its codebase remained unaffected by the $260M Cetus Protocol hack on Sui Network (Turbos Finance). The breach caused Cetus’ TVL to plummet, while Turbos’ transparent audits and operational stability positioned it as a secure alternative. This triggered a flight of liquidity from compromised platforms to Turbos, reflected in its 183.6% 24-hour volume surge to $2.37M.

2. Technical context: Bullish momentum confirmation

  • Price crossed above 10-day SMA ($0.00188) and EMA ($0.00191), signaling short-term bullish momentum.
  • RSI14 at 63.94 (neutral but approaching overbought) suggests room for continued upside if buying pressure holds.
  • Fibonacci retracement shows resistance at $0.00210 (23.6% level), which TURBOS breached decisively.

3. Market dynamics: Sector-specific risk rotation

While the broader crypto market dipped 1.02% (CMC data), Sui Network’s SUI token saw heightened volatility (-4.03% in 24h). Turbos’ independence from the exploited codebase made it a relative safe haven, amplified by its role as Sui’s leading DEX. The CMC Fear & Greed Index at 68 (“Greed”) supported risk-on flows into resilient altcoins.


Conclusion

Turbos’ price surge combines sector-specific safety demand, technical breakout validation, and Sui ecosystem dynamics. While security reassurances provided a fundamental floor, traders should monitor whether TURBOS sustains above $0.00210 Fibonacci resistance. Could Turbos capture long-term market share from compromised Sui DEXs, or will broader DeFi risk aversion limit upside?

Why is TURBOS’s price down today? (27/05/2025)

TLDR

Turbos Finance (TURBOS) fell 4.23% in 24 hours due to spillover fears from a major Sui Network exploit and weak technical momentum.

  1. Security spillover – Cetus Protocol’s $260M Sui Network hack (May 22) raised sector-wide risk aversion, pressuring TURBOS despite no direct exposure.

  2. Technical breakdown – Price broke below key moving averages (10-day SMA: $0.00184) and faces resistance at Fibonacci retracement levels.

  3. Altcoin headwinds – Bitcoin dominance (63.13%) and low Altcoin Season Index (27) signal capital rotation away from smaller tokens.


Deep Dive

1. Primary catalyst: Cetus exploit fallout

The May 22 Cetus Protocol hack ($260M) on Sui Network triggered sector-wide risk reassessment. While Turbos confirmed security (May 25) and maintained operations, the incident:
- Eroded confidence in Sui-based DeFi projects broadly, despite Turbos’ independent codebase (Turbos Finance).
- Coincided with TURBOS’ 24h volume dropping 5.86% to $1.1M, suggesting reduced liquidity amplified downside.

2. Technical context

  • Bearish momentum: MACD histogram (-0.0000437) and RSI14 (46.03) signal weakening buying pressure.
  • Key levels breached: Price ($0.00173) sits below 10-day SMA ($0.00184) and near the 78.6% Fibonacci retracement ($0.00172), a critical support zone. A sustained break below could target the May swing low ($0.00157).
  • Volume divergence: The 24h decline occurred on below-average volume, indicating limited conviction but persistent selling.

3. Market dynamics

  • Altcoin weakness: Bitcoin dominance rose to 63.13% (from 62.92% last week), stifling capital flows to smaller tokens like TURBOS.
  • Sui Network strain: SUI token fell 4.03% in 24h, reflecting broader ecosystem stress that likely weighed on TURBOS sentiment (Coincu).

Conclusion

TURBOS’ drop reflects a mix of Sui Network anxieties, technical breakdowns, and altcoin-sector headwinds—despite its operational resilience. Watch the $0.00172 Fibonacci level for signs of stabilization or further downside. Could Turbos’ security assurances help it rebound if Sui Network sentiment improves?

CMC AI can make mistakes. Not financial advice.