After Tamadoge price attain a high of $0.0295 towards the end of yesterday’s trading session, the price channel began to contract. The convergence of the resistance level and the support level continue to grow stronger until it reached its peak in the 5th hour of today’s market. Then the price broke out in a bearish way. The bulls were able to salvage the price at the $0.0258 support level. From that point, the market began its recovery.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.02702
- TAMA/USD market cap: $$31,043,704.42
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #
- Resistance: $0.0300, $0.0350, $0.0400
- Support: $0.0200, $0.0150, $0.0100
Tamadoge Market Price Analysis: The Indicators’ Point of View
The Bollinger bands have been converging since the market opened for today’s trading session. The convergence of the bands reached its apex in the 6th hour. Then, both the upper band and the lower band exploded. As the bullish price recovers, they face the bearish resistance at $0.0271, but bulls are securing support very close to this resistance price level. They secure their support precisely at $0.0269. When the support level is close to the resistance level, such as in this case, the price action will likely break the resistance level and then continue trending upwards
Tamadoge: TAMA/USD 5-Minute Chart Outlook
The TAMA bulls are gathering momentum to conquer the bearish resistance. From the outlook of the recent bearish candles, it shows that the selling pressure is weakening. And the bulls are preparing to take up the market.
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