What Is the Price of TUT Token? What’s the Future Outlook for TUT?
According to the market data from Gate.io, TUT is currently priced at $0.046, with a 24-hour increase of 82.5%. TUT was deployed on BNB On Chain, the total circulation is 1 billion, the current circulation is 950 million, and the market value is now $43 million, ranking 531st in the overall market. In the case of CZ’s strong promotion of BNB Chain, the BNB Chain eco has recently performed generally better than other tokens in the market, and TUT has also benefited from it, with a recent 7-day increase of over 50 times.
According to the official website of Tutorial, Tutorial is a Meme coin created by the real developers of BNB Chain. 10 months ago, the project developers recorded the first tutorial on how to issue tokens for BNB Chain. The TUT tokens were initially deployed on the testnet and are now live on the BNB Chain mainnet.
TUT Market Analysis
Current Market Overview
- Latest price: 0.04619 USDT
- 24-hour increase: 82.5%
- Highest price in 24h: 0.06037 USDT
- 24-hour lowest price: 0.02073 USDT
- 24-hour Trading Volume: 2,504,127,711 TUT
- 24-hour net inflow: 1,039,078 USDT
- Position: 114,403,726 USDT
Support and resistance levels
- Support level: 0.03259 USDT
- Resistance level: 0.05739 USDT
Technical Analysis
- Bearish KDJ: Short-term trend is bearish (death cross)
- RSI: overbought state, short-term trend is bearish
Trading Strategy Recommendations
Strategy 1: Short selling strategy in the short term
- Direction: Bearish
- Entry Price: 0.04619 USDT (current price)
- Stop-loss price: 0.05739 USDT (resistance level)
- Target Price: 0.03259 USDT (Support Level)
Reason: The current market shows a clear overbought signal, with both KDJ and RSI pointing to a bearish trend, indicating a possible short-term pullback. The relatively close inflow and outflow of funds indicate unstable market sentiment, which may lead to a price decline.
Strategy Two: Short-term Long Strategy (Rebound Strategy)
- Direction: Long
- Entry Price: 0.03259 USDT (support level)
- Stop-loss price: 0.02073 USDT (24-hour low)
- Target price: 0.04619 USDT (current price)
Reason: If the price retraces to the support level of 0.03259 USDT, a rebound may occur, and the presence of the support level provides a safety margin for long positions. The inflow of funds is slightly higher than the outflow, indicating that there is still some buying interest in the market.
TUT Token Future Outlook
TUT, as a Meme Token in the BNB Chain eco, has surged more than 50 times in just one week, demonstrating strong market performance. With CZ continuing to drive the BNB Chain eco, TUT may benefit from the network’s growth and the high market sentiment.
In the short term, the technical indicators show that TUT is overbought and may experience some pullback. In the long run, as a project created by the true developers of BNB Chain, the improvement of its community base and market attention may bring it greater growth potential. If the BNB Chain eco continues to expand, TUT still has the opportunity to break through the current price range, further increasing its market value and ranking.
