Toshi Price Surges Over 40% After Upbit Listing
Toshi (TOSHI) memecoin price jumped more than 40% on Wednesday. It traded above $0.000855 after South Korea’s largest crypto exchange, Upbit, confirmed it would list TOSHI. This caused Toshi’s market cap to rise above $361 million. The coin surpassed meme tokens like MOG and REKT in market value.
Upbit Listing Drives Toshi’s Rally
Toshi is a meme coin named after Coinbase co-founder Brian Armstrong’s cat. Upbit announced it would list TOSHI with trading pairs against KRW and USDT. This news boosted investor confidence and increased liquidity for the token. The listing helped Toshi climb to the 238th spot in the crypto market by capitalization, aiming to overtake tokens like 1inch (INCH).
Technical Outlook: Bulls Target $0.000996
Toshi’s price broke above a descending trendline on Wednesday. It rallied nearly 40%, trading around $0.000843. If the momentum continues, TOSHI could reach its May 12 high of $0.000996. The Relative Strength Index (RSI) is at 70, showing strong bullish momentum. If the price corrects, support may appear near $0.000751.
