Tutorial (TUT) token soars following HTX and Binance listing
0
0
Tutorial (TUT) token surged over 235% to an intraday high of $0.05649 today after securing a listing on the Binance exchange, followed by another listing on HTX Global.
Notably, the listings coincided with the launch of Bitget’s Early Hunter Airdrop: Season 2, adding fuel to the bullish momentum.
Binance and HTX, titans among cryptocurrency exchanges, wield considerable influence over the market, and listing on their platforms often sparks a price rally, fueled by heightened visibility and trader access.
In particular, the two listings perfectly encapsulate the journey of Tutorial’s TUT token, which has captured the spotlight after triumphing in Binance’s inaugural “Vote to List” campaign.
Binance’s inaugural “Vote to List” campaign
Binance’s “Vote to List” campaign empowers its community to decide which tokens earn a coveted spot on the exchange.
This democratic process underscores the strength of community enthusiasm in the crypto world.
In its debut round, Tutorial’s TUT token emerged victorious alongside quirky memecoins like Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), and Banana For Scale (BANANAS31).
For TUT, the robust support from its backers proved decisive, catapulting it onto one of the industry’s most prominent platforms.
Tutorial (TUT) price soars on listing
The HTX and Binance listing announcements, followed by the launch of Bitget’s Early Hunter Airdrop: Season 2, have ignited a spectacular price surge for TUT.
From a modest $0.0167, the token has rocketed to an intraday peak of $0.05649, representing a jaw-dropping 235% leap.
Notably, today’s price surge adds to Tutorial’s two-week gain that has seen it soar by 5084.4% from a low of $0.00066121.
The token has dropped two zeros in two weeks.
Trading activity mirrored this frenzy, with on-chain data revealing a 600% spike in daily volume, soaring past $189 million.
As a result, TUT’s market capitalization swelled to $38.5 million, a testament to the flood of interest from traders and investors eager to ride the wave.
Technical analysis further paints an optimistic picture for TUT’s trajectory.
Analysts observed the token breaking free from a consolidation phase, hinting at a trend reversal with a potential double-bottom pattern.
Support has solidified around $0.03, while upside targets glimmer between $0.06 and $0.065.
On the 4-hour chart, the Supertrend indicator glowed green, signaling bullish momentum, complemented by a bullish MACD crossover.
The Chaikin Money Flow also points to fresh capital pouring in, bolstering the case for continued growth.
However, traders should be cautious since post-listing surges are often accompanied by massive pullbacks triggered by post-listing sell-off, a pattern seen on March 20 when Tutorial (TUT) spiked over 180% after debuting on KuCoin, Gate.io, and Bitget, only to shed nearly half its value within a day.
Profit-taking after such rallies is par for the course in crypto.
Conversely, optimists argue that TUT’s momentum, fueled by community fervor and Binance’s spotlight, could propel it toward the $0.06 resistance, defying the skeptics.
The post Tutorial (TUT) token soars following HTX and Binance listing appeared first on Invezz
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.