AMBCrypto - 9/17/2025 9:02:13 PM - GMT (+0 )
CEX listings by Binance and Upbit Korea fueled the frenzy on TOSHI memecoin.
What’s next for TOSHI?Its sustained uptrend depends on holding above the mid-range of its rising channel.
Toshi [TOSHI], a memecoin on Base, named after Coinbase CEO Brian Armstrong’s cat, blasted 40% ahead of listing across major centralized exchanges.
Notably, Binance announced a Futures listing on the 17th of September.
LBank and Upbit Korea also listed the memecoin, sending its trading volume soaring over 3000%, according to CoinMarketCap. And the explosive rally followed as traders tried to front-run the listings.
TOSHI rallies 90%, but retraces slightlyThe memecoin blasted over 90% from $0.00059 to $0.0011. However, as of press time, the gains were reduced to around 55%, underscoring that some were taking profit from the rally.
On the price charts, TOSHI bulls still had the market edge. Especially if the price does not drop below the mid-range of the rising channel (white).
If the mid-range is defended as support, late bulls could still front another run to the upper channel, a potential 33% gain if hit.
On the contrary, short sellers would have another ride if bulls lose the mid-range around $0.00086. In such a case, a dip to the range lows could be feasible.
Bulls’ lifeline at $0.0008The above thesis was also supported by liquidation heatmap data.
There was a liquidity pool between $0.00080 and $0.00070 that could act as a price magnet, especially if the Fed rate cut is somewhat cautious.
But a sustained move below the mid-range could reinforce short-sellers’ edge and odds of dragging it lower.
Overall, TOSHI’s explosive upswing was driven by traders front-running CEX’s listing of the memecoins. Late bulls could still fight for an extra 33% gain.
However, losing $0.00080 could dent the outlook for a sustained uptrend.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
read more