TUT Token Surges 15.35% in 24 Hours, Trading Volume Jumps 169.55%

TUT, a digital token, experienced a significant surge in its value, rising by 15.35% within a 24-hour period. This increase pushed its price to $0.04266, briefly approaching the $0.045 resistance level. The token's market value saw a notable increase, driven by a substantial rise in trading volume, which spiked by 169.55% to $34.38 million. This volume surge indicates heightened trading activity and liquidity concentration around the $0.045 mark.

The price rally was accompanied by a significant increase in market capitalization, with TUT's market cap estimated at $35.77 million, reflecting a 15.34% increase over the past 24 hours. The volume-to-market cap ratio now stands at 95.69%, suggesting elevated turnover relative to the market size. This increased turnover is indicative of active positioning by short-term traders, who are likely capitalizing on the token's price movements.

Despite the volatility, TUT's price action has remained above recent support levels near $0.036. The token broke out from consolidation levels seen between June 20 and June 22, gaining upward momentum. The current price is testing previous resistance zones, with buyers closely monitoring the $0.045 mark. Movement in the coming sessions may remain focused around these levels, given the recent spike in trade volume and increased volatility.

TUT's circulating supply remains fixed at 838.36 million tokens, with a capped maximum supply of 1 billion tokens. The token's fully diluted valuation (FDV) is now estimated at $42.66 million, reflecting its potential value at maximum supply. These figures provide context for the ongoing price action as supply factors remain steady.

Analysts point to the token rising from as high as $0.04475 on the PAN pair, again verifying $0.045 as a near-term resistance level. During the session, the asset continued to be volatile, going through recurrent oscillations in a narrow price range above $0.042. This volatility is likely driven by short-term traders looking to capitalize on price movements around the $0.045 resistance level.