TOSHI meme coin listed on the exchange big pump 40%, ENA and Bitcoin are brewing a big market.

On September 17, the Asian crypto market experienced significant changes, with Toshi (TOSHI) meme coin surging over 40% after being listed on a major CEX, surpassing the market capitalization of several competitors; at the same time, Ethena (ENA) is about to be listed on another global major CEX platform, with technical indicators showing bullish reversal signals; Bitcoin successfully broke through the critical resistance level of $116,000, with long positions targeting $120,000. The Federal Reserve (FED) interest rate decision is about to be announced, and the three major crypto assets may encounter a new round of fluctuations.

TOSHI meme coin big pump 40%, market capitalization surpasses 361 million USD

The price of TOSHI meme coin surged over 40% on September 17, with trading prices soaring above $0.000855. This astonishing rebound occurred after the largest crypto CEX in South Korea confirmed the listing of TOSHI, demonstrating strong interest in meme coins in the Asian market.

This big pump has caused TOSHI's market capitalization to break through 361 million USD, successfully surpassing major competitors such as MOG and REKT. Technical indicators show that TOSHI still has room for further gains, with the next key target price at 0.000996 USD.

Analysts point out that the meme coin market is experiencing a new wave of excitement, and TOSHI has become a leader in the field due to its unique community culture and CEX support. With more CEXs potentially joining the support ranks, TOSHI's growth potential remains strong.

Key Price Levels:

Current Price: 0.000855 USD

Increase: 40%+

Market capitalization: 361 million USD

Upward target: 0.000996 USD

Ethena (ENA) brewing a bullish reversal, listing on major global CEXs as a key catalyst

The ENA price has fallen for the fifth consecutive day, currently trading below $0.7000, but the derivatives market and technical indicators are showing strong signals of a bullish reversal. This potential rebound is closely related to the announcement of the listing of ENA tokens by major global CEX.

CEX will officially list Ethena's ENA token at 07:00 GMT, allowing users to trade with USDT. This is expected to significantly boost ENA's trading volume and market liquidity. It is worth noting that withdrawals of ENA from the platform will begin at 10:00 GMT, and this time difference may create unique market dynamics.

Analysts indicate that the fundamentals of ENA remain strong, with its innovative stablecoin mechanism and high-yield products continuing to attract institutional investors. With the addition of this major global CEX, ENA may usher in a new round of buying support, breaking the recent downward trend.

Key Event Timeline:

ENA launch trading: GMT 07:00

Withdrawal opening time: GMT 10:00

Trading Pair: ENA/USDT

Bitcoin breaks through key resistance level, $120,000 target in sight

The price of Bitcoin, after hovering below the resistance level of 116,000 USD for several days, finally broke through on September 16 and closed above this key level. As of the time of writing on September 17, the trading price of BTC is around 116,700 USD, showing a continued upward momentum.

If the daily support level of 116,000 USD can hold, BTC is expected to challenge the psychological threshold of 120,000 USD. Technically, both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) on the daily chart support a bullish view, indicating that the upward trend may continue.

However, investors should closely monitor the interest rate decisions that the Federal Reserve (FED) is about to announce, as these may have a significant impact on Bitcoin prices. The market generally expects the Federal Reserve (FED) to begin a rate-cutting cycle, but the actual rate cut magnitude and future policy guidance will determine the short-term market direction.

Key Price Level:

Current Price: 116,700 USD

Key support: $116,000

Upward target: 120,000 USD

The Asian crypto market is showing strong vitality, with the explosive growth of TOSHI, the potential reversal of ENA, and the robust rise of Bitcoin together painting a bullish market picture. As the Federal Reserve's decision approaches, investors should remain vigilant and seize potential trading opportunities.

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