TAMA/USD price action has focused on hitting the resistance at $0.02867. Although downward forces can be seen throwing in some doubts, trading is in support of the opinion that price action is still on track toward higher price levels.
TAMA: April 25th, 2023
Tamadoge Value: $0.0237
TAMA Market Cap: $22,872,907
Tamadoge Flowing Supply: 1,025,380,201
Tamadoge Total Supply: 2,000,000,000
TAMA Ranking on CoinMarketCap: #595
Major Price Levels:
Resistance: $0.02367, $0.02387, and $0.02407
Support: $0.02337, $0.02307, and $0.02287
Tamadoge (TAMA) Price Movement Stays on Track Toward the $0.2500 Mark
Tamadoge’s prise has bounced off the support at the lowest band of the Bollinger Bands indicator. Furthermore, this upside retracement seems to have triggered some downward forces along the way, given the appearance of the last price candle. However, technical indicators are still hinting at the fact that price action is gathering upside momentum. Here, the Stochastic Relative Strength Index (RSI) indicator can be seen rising upwards from the oversold region following a crossover there. Consequently, this suggests that price action is upward-bound as trading activities continue.
Tamadoge (TAMA) Price Upside Promises Seem to be Strengthening
Extending our scope to the TAMA/USD 1-hour market, it is revealed that price action may have gained the needed traction to keep rising. Price activity on this chart can be seen occurring above the middle limit of the Bollinger Bands. Additionally, the Bollinger Bands themselves can be seen as narrowing, which suggests that a trend is brewing. Furthermore, the lines on the RSI indicator have now crossed into the overbought zone. Therefore, it appears that it’s easier for price action to gain upside traction from this point toward the $0.02867 price mark. Also, there are only three days left for the Tamadoge trading hours live on Bybit. Be prepared for a lot of activities, rewards, and gifts.
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— TAMADOGE (@Tamadogecoin) April 24, 2023
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