$TUT /USDT +4.79% – Support Holds, But MAs Turn into Resistance
TUT is trading at $0.06013, up +4.79% after bouncing off the $0.0571 support zone. Despite the intraday gain, the price is still below the 7-day ($0.06368) and 25-day ($0.06224) MAs, suggesting that the trend remains pressured.
24h Range: $0.05710 – $0.06122
Volume: 74.86M (strong), showing active participation
Moving Averages:
MA(7): $0.06368
MA(25): $0.06224
MA(99): $0.04266 ← price remains well above long-term MA, signaling longer-term strength if recovery holds
Key Levels:
Resistance: $0.0612 → $0.0637 → $0.0729
Support: $0.0571 → $0.0486
Technical Outlook:
While the current bounce is encouraging, TUT needs to reclaim $0.0637 (MA 7) with volume to turn short-term bullish. Failure to break that zone may trigger a retest of $0.0571 or even $0.048.
Bias: Neutral-to-bearish unless bulls push past $0.0637 convincingly. High volume is a plus, but follow-through is crucial.