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The Toshi price soared 68% in the last 24 hours to trade at $0.0006154 as of 11:29 p.m. EST on trading volume that skyrocketed 299% to $147.5 million.
Toshi Price On A Sustained Bullish Rally
The TOSHI price daily chart illustrates a clear transition into a bullish phase marked by a parabolic upward curve in the latter months of 2024 and early 2025.
After a long consolidation period with low volatility from mid-2024 to October 2024, the Toshi price broke out in November 2024, moving above the 50-day Simple Moving Average (SMA) and the 200-day SMA, signaling a trend reversal.
This parabolic breakout has driven the price of TOSHI to recent highs near $0.0006154, according to data from GeckoTerminal.
Historically, the chart shows multiple failed attempts to sustain above the 50-day and 200-day SMAs earlier in the year, but the current move is significantly different due to strong momentum and volume.
The recent parabolic pattern suggests that speculative interest and bullish sentiment are at elevated levels.
Moreover, the golden cross around $0.0002094, where the 50-day SMA crossed above the 200-day SMA, has further confirmed the bullish momentum. The price is now well above both SMAs, with no immediate resistance zones visible from previous price action.
The Relative Strength Index (RSI) is at 79.32, indicating that the asset is currently in overbought territory. Overbought RSI levels in parabolic moves can remain elevated for extended periods during a strong bullish phase.
Meanwhile, the Moving Average Convergence Divergence (MACD) histogram and signal lines are strongly positive, with the MACD line at 0.0000912 above the signal line at 0.0000538.
TOSHI Price Prediction
Given the parabolic nature of the current price action, TOSHI is likely to maintain its bullish trajectory in the short to medium term.
If the bulls maintain the bullish stance, the Toshi price could soar even further, with the bulls likely to push the asset towards $0.0010.
Conversely, the overbought RSI suggests a potential for minor pullbacks or consolidation, with the next possible support level around $0.00050.
Meanwhile, investors are also rushing to buy meme coin Catslap (SLAP), which Crypto Boy, a prominent crypto analyst with over 53.4K subscribers, says could be the next meme coin to surge 100X.
Is Catslap Token The Next Crypto To Explode?
Catslap introduces an innovative Slap-2-Earn game for crypto enthusiasts that has already recorded a massive 2.8 billion slaps on its Slapometer globally.
The game’s popularity has boosted community engagement, which comprises 21,791 individuals holding SLAP tokens.
Its “Hot Token” status on Best Wallet, a fast-growing crypto wallet, also connects it to over 100,000 users, boosting visibility and momentum.
Catslap is also set to execute a $1 million token burn in 7 days, which will give the token upward momentum by reducing supply.
Nothing can hold me back. Big slap energy on the horizon 😼 pic.twitter.com/LzpP7dS2jl
— Catslap (@CatSlapToken) December 27, 2024
Token holders can also earn passively via the project’s staking mechanism, which offers a 30% annual percentage yield (APY).
SLAP is currently trading at $0.001580 after a 2% increase in the last 24 hours and 1,450% since launch, according to data from CoinGecko.
You can purchase SLAP Token from its official website here.
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Catslap (SLAP) - New Cat Meme Coin On Ethereum
- Listed on MEXC
- Featured on Cointelegraph
- Trending on CoinGecko, DEXTools
- 10,000+ Holders
- Slap To Earn Utility
- Token Burns
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