TUT Surges 15% to $0.04266 — Volume Spikes 169% As Price Eyes $0.045

TUT rose 15.35% in 24 hours, briefly approaching the $0.045 resistance level.

24-hour volume surged 169.55% to $34.38 million, matching a near 96% volume-to-market cap ratio.

Circulating supply remains 838.36M, with a capped max supply of 1B and FDV now at $42.66M.

TUT posted a notable price increase overnight, pushing its market value to $0.04266 at the time of reporting. The token jumped 15.35% over the past 24 hours, gaining fresh attention after briefly testing the $0.045 mark.

As the price briefly approached this mark before dropping back, the move represents increased trading activity and liquidity concentration around that zone. The rally was coupled with a sharp 24-hour trading volume spike, now at $34.38 million, up 169.55%.

TUT Sees Volume Surge as Price Tests $0.045 Resistance

The rise in price coincided with a strong surge in volume and market capitalization. TUT’s current market cap is estimated at $35.77 million, rising 15.34% in 24 hours. Volume-to-market cap ratio now sits at 95.69%, indicating elevated turnover relative to market size.

Source: CoinMarketCap

This increased turnover is indicative of active positioning by short-term traders. Furthermore, CoinGecko indicators 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.

TUT Supply Fixed as FDV Reflects Market Potential

Current data confirms that both total and circulating supply are fixed at 838.36 million TUT tokens. The token’s fully diluted valuation (FDV) is now estimated at $42.66 million, reflecting the token’s potential value at maximum supply.

TUT’s maximum supply is capped at 1 billion tokens, with 83.8% already in circulation. These figures provide context for the ongoing price action as supply factors remain steady.

Price Action Holds Above Recent Support

The token continues to hover near its daily highs while maintaining position above earlier support near $0.036. Notably, the asset broke out from consolidation levels seen between June 20 and June 22, gaining upward momentum.

Price is now testing previous resistance zones, with buyers closely watching 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.