Tutorial Price Prediction: TUT Skyrockets 120% On Binance News As Traders Rush Into This Meme Coin ICO Before Time Runs Out

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Tutorial Price Prediction: TUT Skyrockets 120% As Traders Pile Into This Meme Coin Investing ICO With Time Running Out
Tutorial Price Prediction: TUT Skyrockets 120% As Traders Pile Into This Meme Coin Investing ICO With Time Running Out

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The Tutorial price skyrocketed 120% in the last 24 hours to trade at $0.05254 as of 2:50 a.m. EST, and trading volume surged 246% to $137.9 million.

Tutorial is an AI-powered educational tool designed to help people learn about blockchain, cryptocurrency, and specifically the BNB chain system.

The token has also been added in a recent list of exclusive tokens on Binance, where members get to vote for its listing. 

Binance also announced TUTUSDT-margined perpetual contracts to its futures platform starting from earlier today. The contracts enable higher leverage for traders.

With crypto educational platforms gaining traction in the space recently, what does this mean for the Tutorial price?

Tutorial Price On A Sustained Uptrend

According to the 1-hour chart, the TUT price has experienced a significant bullish rally over the past few days.

The Tutorial price action has been moving within a well-defined ascending channel, indicating a strong uptrend. 

Recently, the price of the Tutorial token hit a peak of $0.05498 before retracing slightly to $0.05254, reflecting a 4.29% drop in the last session, data from GeckoTerminal shows. 

Meanwhile, the 50-day Simple Moving Average (SMA) at $0.03164 has been acting as a dynamic support, keeping the price of Tutorial on an upward trajectory.

The 200-day SMA at $0.00996 remains far below the price, confirming a long-term bullish sentiment. 

However, as the TUT price nears the upper boundary of the ascending channel, there is potential for short-term resistance and possible corrections.

The Relative Strength Index (RSI) currently stands at 65.76, which is approaching the overbought zone but still within neutral territory. This suggests that buying momentum remains strong.

Moreover, the Moving Average Convergence Divergence (MACD) indicator shows bullish momentum, with the MACD line (0.00766) trending above the signal line (0.00680).

This indicates that buyers are still in control of the trend. Additionally, the histogram remains positive, supporting continued upward movement.

Tutorial Price Chart
Tutorial Price

TUT Price Prediction

According to the TUT/USDT chart analysis, the Tutorial token price will likely continue its bullish momentum in the short term, provided it maintains support above the 50-day SMA.

The next major resistance is expected to be around $0.060, which aligns with the upper boundary of the rising channel pattern. If the TUT price breaks above this level, it could rally toward $0.070 in the near term.

However, if a correction occurs, immediate support lies around $0.045-$0.048, near the channel’s mid-level. A stronger breakdown below this zone could push the Tutorial price down toward the 50-day SMA at $0.03164.

As the Tutorial price skyrockets, investors are also piling into a new meme coin called Meme Index (MEMEX).

According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.

Meme Index Presale Closes On $5 Million – Last Chance To Buy

Time is running out for investors looking to secure their share of the Meme Index presale, which is in its final 11 days. 

With $4.1 million already raised, anticipation continues to grow for what is shaping up to be one of the most talked-about launches in the meme coin space this year. 

Meme Index is pioneering a new way to invest in meme coins. It offers a structured and diversified approach that provides exposure to multiple projects while reducing risk.

The MEMEX token offers four diversified investment baskets: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index. 

Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking high returns while willing to accept high risk.

MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 556%. 

You can purchase MEMEX tokens on the official website for just $0.0166883.

Learn more about Meme Index.

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