- BASED jumped more than 50% after its KRW listing on Bithumb, driven by new investments and strong demand in the South Korean market.
- The indicator is now trading near $0.1385, but technical indicators such as the RSI near 80 indicate that this rally may be extended in the long run.
- The important support is between $0.131 and $0.109, where the holding levels can be extended, while the damage can lead to profit taking.
The stock price rose sharply after its listing on South Korea’s Bithumb. After the BASED/KRW issue the two trades broke, the crypto skyrocketed, for example, a clear example of how a new crypto exchange opportunity can instantly change the power and sentiment in smaller cryptos. BASED traded as high as $0.16 in the last 24 hours, but has since declined slightly.
At the time of writing, it was trading at around $0.1385 (still more than 37%). His market value was around $37 million.
The series brought BASED to the new South Korean retail industry. The region has already shown strong participation in the newly named crypto, which often leads to very short-term explosions. The implementation came with standard trading practices, including temporary restrictions on buying and selling orders in the first few minutes and limits on order types for the first few hours. These strategies are intended to reduce price volatility but are often only needed in a narrow window, which increases the rate of inflation.
BASED Surges Post Listing on Bithumb
BASED trading on Bithumb officially started on April 21, 2026, with an index price of 167 Korean won. Deposits and withdrawals were supported shortly after launch, only on the Ethereum network. The lists also followed compliance measures, including travel rules and restrictions related to unsupported exchanges.
The conference seems to be closely related to this new event.
Volume increased rapidly as traders anticipated early gains. But technical indicators are now pointing to the price entering an overheated zone. The Relative Strength Index rose to a level very close to 80 for example, a level usually associated with overbought. Such readings often indicate that the buying pressure may ease, for a while.
📢 New List
🚀 Containers (#ZOKHA) Information on the KRW market
🚀 $ EXACTLY/KRW will be listed on # Something!🔸 Details : https://t.co/vs82nfX361# Something #ZOKHA @BasedOneX pic.twitter.com/yFqlbqNKgH
– Bithumb (@BithumbOfficial) April 21, 2026
From a technical point of view, the initial support level falls between $0.131 and $0.109. Staying above the upper band can allow the indicator to try to hit $0.150 again. On the other hand, a drop below $0.109 would lead to profit booking, especially from short-term traders who entered the list.
This is a very strong place and how one goes about it no doubt depends on that. Now market participants are assessing whether the new currency can support the price. Early rallies often experience rapid reversals after the initial boom as demand wanes.
The latest update shows that the trend remains positive in the short term, but the margin of error is narrowing as the indicators improve.
Beyond pricing, BASED positions itself as a consumer-focused financial platform. This service aims to provide a variety of services, including salesEndless futures, prediction markets, and premiums, all within a no-holds-barred system. It is built on the basis of HyperLiquid, which enables faster acceleration and overall performance. The crypto itself is designed to perform a number of functions, including administration, accounting, and payment within the environment.
