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Tamadoge buyers became very aggressive (towards the end of the last daily session) and they started a bullish run which break the market away from the brief period of indecision. The bullish price move continued until the early hours of today when the price conquers the $0.0238 price level. However, due to strong bearish resistance, buyers fail to hold on to the price above the $0.0238 level. However, the buyers were able to secure a higher support level.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.023
- TAMA/USD market cap: $35,230,055
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2637
Key Levels
- Resistance: $0.0255, $0.0260, $0.0270,
- Support: $0.0220, $0.0210, $0.0200
Tamadoge Market Price Analysis: The Indicators’ Point of View
The Bollinger bands widen out due to the strong bullish move. And to support a bullish market the bands portray an ascending price channel. However because the bullish trend was short-lived, the price channel settled on the higher support level showing that the market has entered another consolidating trend.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
As Tamadoge bulls hold strongly to the support price, the selling pressure increases in momentum. It looks like it will force the buyers to shift ground. However, the standoff between the two forces still continues as TAMA buyer refuses to allow a shift of ground. And because the bullish support still holds, there is the possibility that the market will attain a new price level.
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