TUT crypto surged 235% today, fueled by community-driven voting that secured its spot on Binance. The price jumped from $0.0167 to $0.0564 before settling at $0.0396 by Friday afternoon in Asia.
This rally extended TUT’s weekly gains to 2,600%, making it one of the top-performing altcoins of the week.
Massive Trading Volume and Market Activity
The surge came with a 600% spike in daily trading volume, pushing it past $189 million. Meanwhile, TUT’s market cap hit $38.5 million, and open interest in TUT futures soared 400% to $73.59 million, according to CoinGlass.
Binance Vote to List Campaign Fuels Hype
TUT was selected in Binance’s first-ever “Vote to List” campaign, alongside Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), and Banana For Scale (BANANAS31).
These tokens can now be traded against USDT and USDC, with withdrawals opening on March 28 at 21:00 UTC. Binance has also applied a seed tag, signaling higher volatility.
Will TUT Hold Its Gains or Face a Sell-Off?
Traders are split on what’s next. Some expect a sell-off, a common trend after major exchange listings.
Previously, after listing on KuCoin, Gate.io, and Bitget on March 20, TUT rallied 330% to a record high of $0.057 before losing 50% within 24 hours as early buyers took profits.
However, some analysts remain bullish. Technical traders highlight a double-bottom reversal pattern, with key support around $0.03 and potential upside targets at $0.06–$0.065.
TUT Price Analysis: Another Rally Coming?
📈 Key indicators suggest bullish momentum:
- Supertrend flipped green, signaling continued upward pressure.
- MACD crossed above the signal line, confirming strong momentum.
- Chaikin Money Flow remains positive, showing capital inflows.
- RSI cooled to 60, indicating fading selling pressure.
If TUT maintains momentum, it could retest the $0.06 resistance, the level it struggled with on March 20. However, a negative weighted funding rate suggests many derivative traders expect a correction.
Final Thoughts
TUT’s Binance listing has driven massive price action, but whether the rally holds depends on market sentiment. Bulls see potential for another leg up, while skeptics expect a profit-taking dip before any further gains.
