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- TOSHI jumps 80% to $0.0011 with $490M daily volume.
- Listings on Upbit and Binance boost liquidity and speculation.
- Bullish technical patterns and network developments support further gains.
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Meme coin TOSHI, inspired by Bitcoin creator Satoshi Nakamoto, made its debut on South Korea’s leading crypto exchange, Upbit. The listing sparked immediate market excitement, driving TOSHI’s price up 80% to $0.0011 and pushing daily trading volumes to over $490 million—a staggering 4000% increase. Traders are showing strong bullish sentiment, with the token now trading 50% above its September low and more than 800% higher than its lowest levels earlier this year.
Exchange Listings and Speculative Trading Fuel Momentum
The Upbit listing comes alongside TOSHI’s presence on Binance Futures, where a TOSHI/USDT perpetual contract offers up to 75x leverage. Binance and Upbit combined have significantly boosted liquidity, with Upbit alone accounting for nearly 40% of TOSHI’s daily trading volume. Historical trends indicate that such major exchange listings often act as catalysts for price rallies, as seen previously with tokens like Treehouse (TREE).
Bullish Technical Signals Support Uptrend
Technical charts show TOSHI breaking out from a cup-and-handle pattern, signaling a potential reversal from prior downtrends. The pattern’s neckline was at $0.00068, with a cup bottom at $0.00053. After a brief consolidation, TOSHI found support around $0.00083, which, if maintained, could solidify bullish momentum. Indicators such as Bull-Bear Power currently favor buyers, suggesting the token could aim for the psychological resistance near $0.0012.
Supporting Factors from Blockchain Developments
The TOSHI rally also benefits from developments on Coinbase’s Layer-2 network Base, which hosts the meme coin. Base recently hinted at launching its own native network token, a move that has likely reinforced investor optimism. Additionally, exchange outflows of TOSHI—falling from 121.1 billion to 111.1 billion tokens—signal reduced selling pressure, further boosting bullish sentiment.
With strong exchange listings, bullish technical patterns, and supportive network developments, TOSHI is emerging as one of the most watched meme coins this month. Traders and enthusiasts are closely monitoring whether current support levels hold, potentially paving the way for further gains.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Meme Coin ‘$SATOSHI’ Heralding the Return of Satoshi Nakamoto’s Vision Launches First Presale
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