$TUT is showing an interesting recovery attempt after a major sell-off.
Current price: ~$0.0358 Immediate support: $0.0288–$0.0300 Key resistance: $0.0400–$0.0420 Major resistance: $0.0620 Breakout target: $0.080–$0.10 if $0.062 breaks with strong volume
The chart shows a huge previous spike followed by a prolonged correction. Recently, price has started forming a base around $0.03–$0.035, which is constructive.
Bullish scenario: Hold above $0.030 and reclaim $0.040–$0.042 → momentum could accelerate toward $0.062.
📈 Price: $0.1533, up 52.69% 🔥 Spike high: $0.1932 🟢 Breakout zone: $0.1357–$0.1564 ⚠️ Resistance: $0.1772, then $0.1932–$0.1980 🛡️ Key support: $0.1357, with deeper support around $0.1149
The big issue is the long upper wick near $0.1932 sellers clearly stepped in there. A 4H close above $0.1564 followed by a successful retest would make the structure healthier. Losing $0.1357 would weaken the breakout considerably.
Momentum is strong, but chasing after a 50%+ candle carries elevated pullback risk.
Bitcoin’s short-term holder (STH) supply is sitting near one of its lowest levels in history. That’s not something to ignore.
Across previous cycles, deep STH supply compression has often appeared during the later stages of bear markets, when weak hands have already been flushed out and more BTC gradually moves into stronger, longer-term hands.
But here’s the catch: historically bullish supply setups don’t always mean “straight up.”
BTC can still experience a sharp pullback or final shakeout before the bigger trend continues. That’s why chasing every pump can be dangerous.
If this structure follows the pattern we’ve seen in past cycles, the current weakness could eventually look like an opportunity rather than a warning.
Short-term volatility. Long-term potential.
$BTC supply dynamics are getting very interesting. 📊