“The Wilde Side of Crypto: TUT’s Unlikely Ascent Post-Binance”

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In a tale as curious as the plot of a Wildean novel, Tutorial’s token (TUT) has soared to the heavens, multiplying its worth by an astonishing 235% in a single day. A listing on the vaunted Binance exchange has, it seems, turned lead into crypto gold. 🚀

One might argue that such a rise is as fleeting as a fashionable hat, but data from crypto.news reveals that TUT has climbed from a modest $0.0167 to a giddy intraday high of $0.0564. As the dust settled, it found itself at a more modest $0.0396 by the languid afternoon in Asia. This meteoric ascent has seen weekly gains of an eye-watering 2,600%, proving it to be the toast of the altcoin town. 🎩

This trading frenzy has been nothing short of a spectacle, with on-chain data showing volumes increasing by a resounding 600%. A market cap of $38.5 million now adorns the TUT, and interest in its futures has surged, much like the line at a Wilde play. CoinGlass reports a 400% leap in open interest, reaching a princely sum of $73.59 million as I pen this digital missive. 🌟

The catalyst for today’s gains? Merely the community’s unbridled enthusiasm after TUT’s listing on Binance. It was chosen in the first round of the exchange’s “Vote to List” campaign, rubbing shoulders with the likes of Mubarak, CZ’s Dog, and Banana For Scale—truly a motley crew of memecoins. 🍌

As per the platform’s announcement, these memecoins, spared the listing fee, can now be bartered against USDT and USDC pairs. Withdrawals open at the stroke of midnight, and a seed tag has been appended for good measure. 🌱

Traders, ever the fickle lot, are divided on the future of TUT. Some foresee a sell-off, a common occurrence after such listings, as the initial excitement fades like yesterday’s headlines. 📉

crypto.news reports that after a listing on KuCoin, Gate.io, and Bitget, TUT rallied by over 330%, only to see its value halved within a day as early adopters took their leave. Such is the volatility of the crypto stage. 🎭

Yet, not all is lost. Technical analysts, the seers of the crypto realm, are pointing to a bullish structure on the charts. gemxbt_agent, for one, has noted a possible double-bottom reversal, with key support at $0.03 and potential upside targets between $0.06 and $0.065. 📈

The Charted Course of TUT

On the 4-hour chart (TUT/USDT), a divine candle has appeared, followed by a series of red candles, suggesting that some are already cashing in their chips. But fear not, the Supertrend indicator has turned a verdant green, indicating that the bulls may yet charge again. 🌿

The MACD, that indicator of indicators, is showing strength, and the Chaikin Money Flow suggests fresh capital is still aflutter over TUT. 💸

Meanwhile, the RSI has taken a breather, dipping back to around 60 after a whirlwind dance. This could mean the bears are tiring, leaving the field open for the bulls to reclaim their territory. 🐂

If the momentum continues, TUT may yet challenge the $0.06 resistance level once more. However, another round of selling could precede this charge, as CoinGlass reports a negative weighted funding rate, suggesting a correction is on the cards. 🃏

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2025-03-28 10:21