TUT crypto Soars After Binance listing Win
TUT crypto experienced a massive 235% surge today, thanks to a community vote that secured its listing on Binance. Teh price jumped from $0.0167 to a high of $0.0564, before settling at $0.0396 by Friday afternoon in Asia. This rally extended TUT’s weekly gains to an impressive 2,600%, making it one of the top-performing altcoins.
The surge was supported by high trading activity,with daily volume increasing by 600% to $189 million. TUT’s market cap reached $38.5 million. Interest from derivatives traders also spiked,with a 400% jump in open interest for TUT futures,reaching $73.59 million.
Today’s gains were fueled by community hype after TUT won a spot in Binance’s “vote to List” campaign.It was selected alongside other memecoins like Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), and Banana For Scale (BANANAS31). These memecoins can now be traded against USDT and USDC pairs, with withdrawals opening on March 28 at 21:00 UTC.
Traders are divided on what’s next.Some predict a sell-off, which is common after a major exchange listing. However, technical analysts like gemxbt_agent see a bullish structure on the charts. TUT recently broke out of a consolidation pattern and formed a possible double-bottom reversal. Key support is around $0.03,with potential upside targets between $0.06 and $0.065.
On the 4-hour chart (TUT/USDT), the price formed a God candle followed by red candles, indicating selling pressure. However, the Supertrend indicator flipped green, suggesting bullish momentum. The MACD and Chaikin Money Flow also show positive signs,while the RSI has cooled off,hinting at fading selling pressure.
If momentum continues, TUT could push toward the $0.06 resistance level. However, another round of selling might occur before it gets there. CoinGlass data shows a negative weighted funding rate, indicating that most derivative traders are betting on a price correction.
