Price action in the Tamadoge market has been securing higher support near $0.01600 over the recent trading sessions. Additionally, trading indicators are hinting that prices in this market may soon burst out in a positive direction. Traders and investors should then buy in without delay.
TAMA: May 23rd, 2023
TAMA Value: $0.01580
Tamadoge Market Cap: $21,948,214
TAMA Flowing Supply: 1,025,380,201
Tamadoge Total Supply: 1,418,004,176
TAMA Ranking on CoinMarketCap: 588
Major Price Levels:
Resistance: $0.01580, $0.01610, and $0.01650
Support: $0.01550, $0.01530, and $0.01500
Tamadoge (TAMA) Is Well Positioned for a Significant Upside Retracement
Studying the Tamadoge 4-hour market, it could be perceived that price activities seem to have secured a support level at $0.01570. Also, it could be seen that the last price candle here formed above the mentioned support. Furthermore, the applied Bollinger Bands indicator is contracting as it would when a significant price move is about to occur. The lines of the Stochastic Relative Strength Index (SRSI) have corrected from a trend reversal move, and are now trending upwards. Consequently, this strengthens the opinion that price action may burst out in a positive direction.
TAMA Price is Already Bursting Out
In the TAMA/USD 1-hour market, one can see how price action is rapidly developing. Here, the last red price candle sits atop the uppermost limit of the Bollinger Bands. Also, the SRSI indicator curves are now in the overbought zone and seem set to trend further upwards. However, the last price candle has caused the leading line of the SRSI to bend slightly sideways. Nevertheless, the most prevalent signs here agree with the opinion that there will be more price increases in this market towards the $0.01700 mark. Also, the new Tamadoge website is ready and loaded with all the exciting games, and TAMA users should check it out.
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— TAMADOGE (@Tamadogecoin) May 23, 2023
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