Toshi crypto can rally to $0.007 IF bulls overcome demand slump – Details

Key Points

1. Toshi (TOSHI) recorded a 5.61% price drop over the past 24 hours following a 34% rally that lasted from August 3 to August 6.

2. The 1-hour chart showed a bullish market structure after TOSHI moved past $0.00065, with a retracement to $0.000518 before recent gains.

3. A descending triangle pattern formed on the 1-hour timeframe, with the $0.0006-$0.00062 area identified as a key support zone.

4. The 2-week liquidation heatmap indicated a liquidity buildup above $0.006, suggesting a potential price movement toward that level.

5. The MFI (Money Flow Index) highlighted weak buying pressure, which needs to improve to sustain the uptrend.