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The Toshi price surged 15% in the last 24 hours to trade at $0.0002906 as of 06:02 a.m. EST on trading volume that plunged 2% to $1.1 million.
This comes as Base ecosystem meme coins go ballistic, soaring 8% to a $2.2 billion market capitalization. ANDY is the biggest gainer on Base, with a 49% increase in the last 24 hours.
Toshi Price Could Soar Over The Falling Wedge Pattern
The Toshi price, after hitting an all-time high of $0.0007938, has been on a downtrend, trading within the falling wedge pattern, data from GeckoTerminal shows.
TOSHI price trades slightly above the critical support level of $0.0002655 (50-day Simple Moving Average (SMA)). If the bulls sustain the surge, TOSHI could breach the $0.0003497, coinciding with the 200-day SMA.
Moreover, the Relative Strength Index (RSI) is soaring, as it closes in on the 70-overbought region, currently at 64, with the bulls having an upper hand over the sellers. As the RSI soars, TOSHI remains under intense buying pressure and sustained investor optimism.
The bullish crossover formed by the Moving Average Convergence Divergence (MACD) green line crossing above the signal orange line further supports the bullish sentiments. The green bars on the histogram are also forming over the neutral line, an indication that the token is on a positive momentum.
Toshi Price Prediction
The Toshi price analysis on the 4-hour chart shows a strong bullish bias, with TOSHI price bulls aiming to use the falling wedge pattern to stage a possible trend reversal along the $0.000254 support level.
In this scenario, the token could soar further above the falling wedge pattern as they target $0.0005517.
However, the 50-day SMA has crossed below the 200-day SMA, forming a death cross around $0.0003651. The bears could capitalize on the death cross to push the token through a retrace back to $0.00020, which acts as a cushion against downward pressure.
Meanwhile, as the Toshi price looks to soar over the wedge, the new presale Base Dawgz (DAWGZ) is also attracting optimistic investors as it strives to unseat $BRETT as the top Base meme coin.
The DAWGZ token is off to a good start, garnering over $2.2 million in funding.
We are here to liberate you memers!
Ascend into the skies with us🛩️ $DAWGZ pic.twitter.com/eqMe6lwj3K
— Base Dawgz (@BaseDawgz) June 26, 2024
Base Dawgz Presale Garners $2.2 Million – Best Meme Coin To Buy Now?
While its primary home is Base, Base Dawgz is bringing a unique multi-chain experience that offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX.
To ensure that users can easily soar through the decentralized world without limits, Base Dawgz leverages the latest technology in Web3, including Wormhole and Portal Bridge. Therefore, users can transact seamlessly across multiple blockchain ecosystems and have unparalleled multi-chain functionality.
Users can benefit from staking rewards at a later date, with the team already setting aside 20% of the total token supply for staking.
The project is also set to launch the “Be Social for Airdrop” campaign to reward users with points that can later be redeemed for $DAWGZ. All you have to do is engage with social media networks on X with every meme and post that is shared earning points.
These can later be exchanged for more $DAWGZ tokens once the presale concludes.
According to Jacob Bury, a crypto analyst and YouTuber, $DAWGZ has the potential to surge 100X after its launch.
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.005534 each. But don’t wait too long because the price will increase in less than 16 hours.
You can buy DAWGZ tokens on the official website here using ETH, USDT, BUSD, or USDC.
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