TUT Crypto Surges Following Binance Listing
TUT crypto experienced a massive 235% jump today after a community vote secured its listing on Binance. The price soared from $0.0167 to a high of $0.0564, before settling at $0.0396. This notable move extended its weekly gains to 2,600%, making it one of the top-performing altcoins.
Trading activity was intense, with daily volume spiking 600% to $189 million. The market cap reached $38.5 million. Interest in TUT futures also surged, with open interest rising 400% to $73.59 million. The listing came from Binance’s “Vote to List” campaign, alongside other memecoins.
According to crypto.news, the token’s price climbed due to high community interest. The listing on Binance, a major crypto exchange, fueled the rally. The token was chosen in the first round of Binance’s “Vote to List” campaign. Alongside TUT,other memecoins like Mubarak (MUBARAK) and CZ’s Dog (BROCCOLI714) also saw a significant boost.The listing allows trading against USDT and USDC pairs,with withdrawals starting on March 28. Traders are now debating the next move. some predict a sell-off might be coming, which isn’t unusual after a major exchange listing, especially as the hype is frequently enough baked into the price before the listing even goes live.
Traders are divided on TUT’s future. Some foresee a sell-off, typical after major listings. Though, technical analysts like gemxbt_agent see a bullish pattern. They note a double-bottom reversal and key support around $0.03, with potential targets between $0.06 and $0.065.
On the 4-hour chart, a God candle followed by red candles suggests selling pressure. Yet, the Supertrend indicator flipped green, and the MACD line crossed above the signal line, indicating strong bullish momentum. The Chaikin Money Flow shows fresh capital inflow, while the RSI cooled to around 60, hinting at fading selling pressure. If this continues, TUT could push toward $0.06.Though, a negative funding rate suggests a possible price correction.
