- 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 exchange’s “Vote to List” campaign. The community-driven listing has greatly increased TUT’s visibility and trading volume and is currently one of the top-performing altcoins in the last few days.
TUT’s Market Performance on Binance Listing
TUT’s price skyrocketed from $0.0167 to an intraday high of $0.0564 before settling at $0.0396. This latest rally sent the stock’s 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.
Binance’s listing, along with other memecoins such as Mubarak (MUBARAK) and CZ’s 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
What’s 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.
TUT’s 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.
Highlighted Crypto News Today
