The meme cryptocurrency Toshi saw a 70% price increase over the last 24 hours following its listing on Coinbase. Trading volume rose by 512%, reaching $48.98 million.
Impact of Coinbase News on Toshi
Following reports of Toshi's listing on Coinbase, the coin's price quickly surged by 200%. Toshi initially jumped from $0.0001403 to $0.0003662, though later settling back to $0.00028 after being rejected at the $0.00035 resistance level.
Market Dynamics and Technical Indicators Analysis
The market response led to an immediate widening of the Bollinger Bands post-Coinbase news, causing a notable price increase. But after a rejection at the $0.00035 resistance, the bands narrowed as correction ensued, then widened again with the price recovering.
Alternatives to Toshi in the Crypto Market
For those who believe they’ve missed the moment for Toshi, Catslap offers an alternative. This new meme coin features a gaming element which has gained popularity through events and active user participation.
Toshi demonstrated impressive growth following Coinbase-related news. Yet, the market remains volatile, providing traders with new opportunities, such as the Catslap project.
