In the 16th hour of yesterday’s Tamadoge market, the price rose above the $0.0300 resistance level, however, the selling pressure at $0.030 was still strong and as a result, bulls and bears battled for the market dominance at that point. This continued until the bullish price had a break out in the 7th hour of today’s trading session. TAMA targets the $0.03200
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.03161
- TAMA/USD market cap: $32,758,653
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2676
- Resistance: $0.0320, $0.0350, $0.0400
- Support: $0.0200, $0.0150, $0.0100
Tamadoge Market Price Analysis: The Indicators’ Point of View
The Bollinger price channel is changing direction to an upward position due to an increase in the buying pressure. However, at $0.03200 resistance, the bulls market is encountering a bit of contention for price control. And because of this, the Bollinger price channel has leveled up again; moving on a horizontal level. But the bulls appear to have secured strong support at the current price.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
The recent candlestick outlook on the 5-minute timeframe portrays an intensifying struggle as bulls are trying to regain their ground in the TAMA market. The RSI line is now moving at the midpoint of the indicator while the RSI signal line remains in the bullish zone; measuring 51.7%. As the faceoff between the buyers and sellers continues, the new support price level which will form the basis for further bullish activities is being set at $0.03100.
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