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The $0.0026 support is the strong basis from which the Tamadoge bulls are resisting strong selling pressure in the market. The selling pressure is strong and it is evident from the outlook of the bearish candlesticks on the chart, but the support holds strong and it is not shifting.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.027
- 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
Key Levels
- Resistance: $0.0320, $0.0350, $0.0400
- Support: $0.00260, $0.0250, $0.0200
Tamadoge Market Price Analysis: The Indicators’ Point of View
If the buyers can keep the support at $0.0026 despite the pressures from the seller, the market will see a strong bullish price performance. The general market activities are forming a falling wedge triangle pattern and this will result in a bullish reversal. The price channel created by the bands of the Bollinger indicator portrays the market as descending and then settling on a horizontal level. Also, the proximity between the bands increases as the market struggle intensifies.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
The resistance shifts to a lower level and the support shifts to a higher level and the indecision gets tougher. This means that there is about to be a breakout. And it is going to be a bullish breakout. This is because buyers continue to hold fast to their ground (the support level) in the market. And the next stop for the bullish price will be $0.00275.
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