TUT Crypto Surges Over 200% After Binance Listing Whats Next?
- TUT surged over 200% after securing a Binance listing via community voting.
- Trading volume spiked 600%, with futures open interest jumping 400%.
- Technical indicators remain bullish, but short-term corrections are possible.
Tutorial (TUT) has seen an over 200% explosive growth after it was listed on Binance through the exchanges Vote to List campaign. The community-driven listing has greatly increased TUTs visibility and trading volume and is currently one of the top-performing altcoins in the last few days.
TUTs Market Performance on Binance Listing
TUTs price skyrocketed from $0.0167 to an intraday high of $0.0564 before settling at $0.0396. This latest rally sent the stocks weekly gains to a stunning 2,600%. Trading volume surged 600% to exceed $189 million, while TUT futures open interest gained 400% to $73.59 million.
Binances listing, along with other memecoins such as Mubarak (MUBARAK) and CZs Dog (BROCCOLI714), has given a major liquidity injection. TUT trading pairs against USDT and USDC are now live, with withdrawals opening on March 28 at 21:00 UTC.
Market Outlook
Although large exchange listings tend to result in initial price spikes followed by corrections, technical indicators indicate that TUT may be able to sustain its bullish trend.
- Supertrend Indicator: Just turned green, indicating further upward movement.
- MACD Indicator: Indicates strength, with the MACD line crossing over the signal line.
- Chaikin Money Flow (CMF): Positive readings, showing fresh capital inflows.
- Relative Strength Index (RSI): Cooling at 60 after reaching overbought levels, easing selling pressure
Whats Next for TUT?
If the bullish momentum continues, TUT may retest resistance at $0.06. But some traders are still wary since CoinGlass indicates a negative weighted funding rate, which may mean short-term corrections.
TUTs rally underscores the strength of community-driven listings and high market interest. With the token picking up steam, its capacity to maintain momentum will be determined by overall market conditions and sustained trading activity.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
