TOSHI Price Rises After Listing, Will It Continue to Surge?

Bittime - The crypto market is once again abuzz with a significant price increase for Toshi (TOSHI), one of the Base network-based memecoins.

In just a matter of hours after the listing announcement on Upbit, the price of TOSHI shot up by more than 40% to 80%,making it one of the most talked about crypto assets of the week. 

This surge was not only driven by speculation, but also supported by technical trends and increased participation from institutional investors.

Reasons for TOSHI Price Soaring

There are several key factors driving the rise in TOSHI prices:

1. Listing on the Stock Exchange
   Listing on major exchanges like Upbit Korea has sparked a surge in demand. Furthermore, support from Binance Futures has further strengthened TOSHI's position in the global market.
   
    
2. Trading Volume Rises Sharply
   CoinMarketCap data shows that TOSHI trading volume surged more than 300% in 24 hours, signaling a significant influx of new capital.
   
    
3. The Memecoin Phenomenon
   As part of the Base-based memecoin trend, TOSHI has garnered widespread attention within the crypto community. The “meme culture” narrative continues to be a powerful draw for retail investors.
   
    
4. Technical Factors: Strong Breakout
   Chart analysis shows that TOSHI has successfully broken through the 61.8% Fibonacci retracement level, paving the way for potential further upside.
   
    
5. Crypto Market Positive Sentiment
   The rally of major cryptocurrencies like Bitcoin and Ethereum has also increased market optimism, thus supporting the broader price increase of TOSHI.

Read Also: XRP Price Prediction: Will It Reach $5 Soon?

TOSHI Price Chart Analysis

At the moment, TOSHI price moving in a clear uptrend after coming out of the consolidation phase.

Strong support levels are around $0,00017, while the nearest resistance is at $0,00025. If the price is able to stay above this level, the next upside target is at $0,00030 – $0,00035.

Conversely, a drop below support could trigger a correction towards the area $0,00015 However, with the RSI indicator still pointing in the bullish zone, the opportunity for a further rally remains wide open.

The Impact of Listing on Toshi

Listing on Upbit, one of South Korea's largest exchanges, is a game-changer for TOSHI. The Korean market is known as one of the largest drivers of memecoin liquidity, with an active retail investor community.

In addition, support from Dragonfly Capital and Hivemind on the investment side adds to the legitimacy of this project in the eyes of the global market.

Read Also: Avantis $AVNT Airdrop Scandal: The Truth Behind the Manipulation of 300 Wallet Addresses

Toshi (TOSHI) Price Prediction

Looking at the latest developments, some analysts predict that TOSHI could continue its rally up to 100% in the next few weeks if the current momentum is maintained.

The short-term target is in the range of $0.00030 – $0.00035, while the medium-term target could be $0.00050.

However, investors should remain cautious given the high volatility of memecoins. A rapid correction is possible after the euphoric phase.

Conclusion

Toshi (TOSHI) has captured the attention of the crypto market with a sharp price surge fueled by listings on multiple exchanges, community support, and bullish technical signals.

While the upside potential remains open, investors should anticipate potential corrections due to the volatile nature of memecoins.

For those interested, TOSHI could be an interesting asset amidst the booming Base-based memecoin trend.

Read Also: When Will the Crypto Bubble Happen in 2025? Prepare to Find Quick Profits

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FAQ

What is Toshi (TOSHI)?

Toshi is a network-based memecoinBaseinspired by meme culture, similar to Dogecoin and Shiba Inu.

Why did Toshi's price rise sharply?

Toshi prices soared due tolisting on Upbit, increased trading volume, as well as technical breakouts that trigger bullish sentiment.

What is the predicted price of Toshi in the future?

If the bullish trend continues, the Toshi price has the potential to touch$0,00030 – $0,00050 in the medium term.

Where can I buy TOSHI?

Toshi can be traded onUpbit, Binance Futures, and other major crypto exchangeswho already support this token.