The last three days marked a significant increase in Toshi’s price after a brief pullback to a key level. Leading to a notable breakout of a monthly resistance level, it appears bullish with no signs of slowing down gains.
Following the latest recovery from a short-term corrective phase, Toshi has seen a major increase, following over 100% gains in the past 30 days.
This slight trend shift came after testing a low of $0.00021 last month. It initiated a buy and increased steadily until the price reached $0.00047.
A rejection occurred, and the price dropped briefly to the $0.00033 level, providing a sizeable discount for a short-term buy. The bulls stepped back in action and pushed the price to a high of $0.00057 a few hours ago.
Breaking out of a key monthly resistance level, the trend is now looking bullish on the daily chart, although there are a few obstacles on the way up. Meanwhile, Toshi is set for a big move as it forms a double-bottom pattern weekly. A push above $0.0024 should trigger a long-term rally.
However, a rejection under $0.0007 could bring a slight pullback before rallying up. As of now, there’s no sign of selling in the market. With an approximately market valuation of $245 million, it remains the second largest token on Base network with almost 45% gains in a week.
TOSHI’s Key Levels To Watch
Source: Tradingview
Looking ahead, the potential resistance level to watch is $0.00073, where a rejection lies. If the price continues to increase, the $0.000913 level would be the next line of resistance, followed by $0.0012.
For pullbacks, the broken $0.00047 level is considered a key support for a rebound. The $0.00033 level is held as weekly support, followed by the main $0.00021 support, marked as low in the previous leg down.
Key Resistance Levels: $0.00073, $0.000913, $0.0012
Key Support Levels: $0.00047, $0.00033, $0.00021
- Spot Price: $0.00057
- Trend: Bullish
- Volatility: High
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
No Comments