TOSHI Price Surges 80% Following Upbit and Binance Listings
Meme coin TOSHI was listed on South Korea's top crypto exchange, Upbit, on Sept. 17, causing an 80% price increase and a 4000% surge in trading volumes to over $490 million.
Key Points
- TOSHI reached $0.0011, marking an eight-month high.
- The listing on Binance Futures with 75x leverage further fueled speculative trading.
- Upbit accounted for nearly 40% of TOSHI's daily trading volume, contributing to the liquidity pump.
- TOSHI balances on exchanges decreased by 8%, indicating reduced selling pressure.
- Coinbase's Layer-2 network Base may launch a native token, potentially boosting TOSHI's momentum.
Technical Analysis
- TOSHI confirmed a breakout from a cup-and-handle pattern, suggesting potential for continued upward movement.
- The current support level is around $0.00083, with a target resistance at $0.0012.
- Bull-Bear Power indicates short-term bullish dominance.