Toshi (TOSHI) Price Holds Steady After Strong Rally
Toshi (TOSHI) memecoin price is stable near $0.0010 on Thursday. It rose over 20% the day before. The recent listing on OKX exchange and rising open interest support the positive outlook. Bulls aim to push the price higher toward $0.0012.
TOSHI Market Cap Surpasses Chiliz
Toshi is a meme coin named after Coinbase co-founder Brian Armstrong’s cat. It gained more than 27% this week. The price jump followed TOSHI’s listing on the OKX exchange on Tuesday. This listing improves liquidity and investor confidence.
According to CoinGecko, Toshi’s market cap reached $425.62 million on Thursday. It surpassed altcoins like Chiliz (CHZ) and Compound (COMP). Toshi now ranks 217th in the overall crypto market.
Futures open interest (OI) for Toshi rose from $10.11 million on October 1 to $17 million on Thursday. This is the highest level since September 20. Rising OI shows more money entering the market and new buying interest.
Toshi Price Outlook: Bulls Target $0.0012
Toshi found support near the upper trendline on September 26. It then rallied over 46% in 11 days. On Thursday, the price stays near $0.0010.
If the uptrend continues, TOSHI could reach the 50% retracement level at $0.0012. The Relative Strength Index (RSI) is 69, close to overbought levels, showing strong bullish momentum. The MACD indicator had a bullish crossover last week and remains positive.
If a correction happens, TOSHI could drop to weekly support at $0.0007.
