Tutorial (TUT) Sees Renewed Momentum, But Profit-Taking Threats Loom

Tutorial (TUT) has staged a remarkable recovery after hitting a low of $0.28, eventually surging by 27% to trade at $0.038.

The memecoin's rebound is largely attributed to its increased visibility and recognition on PancakeSwap, which has led to a surge in trading volume and strong demand.

According to Coinalyze, Tutorial's Perps Buy Volume rose to 958 million compared to 935 million in Sell Volume, indicating a clear sign of strong demand. Additionally, the Futures Netflow surged to $1.38 million, suggesting more funds flowed into opening new positions.

Despite this renewed momentum, analysts warn that the memecoin's upside momentum remains weak and is threatened by profit-taking activity. The Relative Strength Index has held below 50, further validating this bearishness.