The behavior of the price action seems to suggest that another bull run is about to begin in the Tamadoge market. Recently, price action reclined from $0.01500 to now recline above the $0.01600 price mark at this point. Consequently, these developing price movements may claim more elevated support.
TAMA: May 12th, 2023
Tamadoge Value: $0.01638
TAMA Market Cap: $16,737,972
Tamadoge Flowing Supply: 1,025,380,201
Tamadoge Total Supply: 1,418,004,176
TAMA Ranking on CoinMarketCap: 644
Major Price Levels:
Resistance: $0.01638, $0.01678, and $0.01720
Support: $0.01600, $0.01580, and $0.01560
TAMA/USD Brews an Uptrend Continuation
As earlier mentioned, TAMA/USD price action has retraced support at the $0.01600 rice mark. Currently, technical indicators applied to this market are suggesting that price action may retrace much-elevated support. Observing the Bollinger Bands indicator, one can perceive that the uppermost and lowest limits are now contracting towards each other. Also, a green price candle has just appeared around the middle band of the Bollinger Bands indicator. Meanwhile, the Moving Average Convergence indicator curve maintains its slightly upward trajectory. Consequently, all these suggest that an upside price move is developing.
Tamadoge (TAMA) Holds on to Its Upside Target
Despite opposition coming from headwinds, TAMA/USD price action on the 1-hour market remains focused on higher price marks. The last price candlestick here has poked through the limit formed by the middle limit of the Bollinger Bands. Additionally, the Bollinger Bands indicator lines continue to narrow. Meanwhile, the leading line of the Relative Strength Index (RSI) has started bending toward the lagging one. Summing up the signs here, one can perceive that there may soon be a significant price increase here. Therefore, traders should buy now to ride the trend. You can also discover more about the good prospect of Tamadoge by reading our blog post.
Ever wondered who plays Tamadoge? 📚🍎
The Total Addressable Market (TAM) for the Arcade is a lot bigger than you may think 💡 Read our blog to learn more about everything from who plays our games to who is a $TAMA holder for life.
Blog: https://t.co/oGEiQVJeYh pic.twitter.com/IFhnBZMP2e
— TAMADOGE (@Tamadogecoin) May 11, 2023
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