The tamadoge market is now in an uptrend. In its bullish move, it has successfully broken the $0.023 and $0.024 resistance levels. Buying pressure continues to increase until it reaches the $0.025 level. At this point, a larger amount of traders decided to take their profit and this is the reason for the current price retracement. The force behind the bullish trend is still active and the price is expected to continue to trend upward after the brief price retracement.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.024
- TAMA/USD market cap: $32,889,481
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2715
- Resistance: $0.0255, $0.0260, $0.0270,
- Support: $0.0220, $0.0210, $0.0200
Tamadoge Market Price Analysis: The Indicators’ Point of View
In the RSI Indicator, the strong bullish move sends the price curve far into the overbought territory. Usually, in such cases like this, price retracement is expected, and then the price will resume its bullish move. However, the price retracement seems to be going too far as the current momentum now measures 55 in the RSI indicator. The volume of trade is considerably high, and because of this, the bullish trend will likely continue.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
The bands of the Bollinger indicator converge again as the faceoff between buyers and sellers in the Tamadoge market intensifies. The convergence of the bands is a sign that the price of the market will soon continue its upward journey. The MACD Indicator is displaying its histograms on the negative side, which means a bearish market. But as the recent histograms now appear in faded red, it signifies a bullish price recovery. TAMA price aims at $0.026.
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