$TUT

bounces to $0.04133 – Is this a real recovery or just a dead cat bounce? ❓

$TUT has recorded a notable recovery, rising to $0.04133 with a gain of 7.29% in the last 24 hours. The 15-minute chart shows a strong bounce from a low of $0.03626, surpassing the level of $0.03897 before reaching its current price. However, after hitting a high of $0.04336 earlier, the price has slightly retraced, raising questions about the sustainability of this upward trend.

The momentum seems promising, with trading volume increasing to 767.52M TUT during the recent rise, reflecting strong buying interest. The price is now testing resistance at $0.04133, near the 24-hour high of $0.04336. If TUT can overcome this, it could aim for $0.04363, a level seen during the previous rise. On the downside, $0.03897 acts as key support; if it fails, TUT could fall back to $0.03626, or even lower if selling pressure increases.

The moving averages (MA5: 10,557,970, MA10: 10,622,484) are well below the current price, confirming the upward trend, but the gap suggests a possible overextension. The parabolic SAR (0.02, 0.2) at $0.04241 is also below the price, supporting the upward movement for now. However, the lack of sustained volume (24-hour USDT volume at 30.34M) indicates that TUT needs more buying power to confirm a true breakout.

Traders are watching to see if TUT can hold above $0.03897 and surpass $0.04336, or if this rally will fade like a fleeting bounce. A strong catalyst is needed to push $TUT higher.