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As earlier predicted, TAMAUSD price action has eventually regained support above the $0.01700 price mark. Despite the activities of headwinds, Tamadoge’s price remains securely above the $0.01700 price mark at $0.01710. Indications coming from this market suggest that upside forces seem to be at an advantage over downward ones.
TAMA: May 16th, 2023
Tamadoge Value: $0.01710
TAMA Market Cap: $17,618,349
Tamadoge Flowing Supply: 1,025,380,201
Tamadoge Total Supply: 1,418,004,176
TAMA Ranking on CoinMarketCap: 643
Major Price Levels:
Resistance: $0.01710, $0.01740, and $0.01780
Support: $0.01700, $0.01670, and $0.01640
TAMA/USD Is Holding onto Upside Focus
Buying activity at the TAMA/USD 4-hour mark has effectively resisted headwinds. What’s more, Tamadoge’s price seems well positioned for further price increases. Price action in this market can be seen reclining above the 9- and 21-day Moving Average curves. Likewise, the Moving Average Convergence Divergence indicator lines have risen above the equilibrium mark of 0.00. Although the MACD bars are now pale green, the fact that its lines are above the equilibrium level offers some positivity to this market.
Tamadoge (TAMA) Starts an Upside Rebound
Extending this analysis to the Tamadoge 1-hour time frame, it could be observed that price action has crossed below the 9-day MA. However, just when price action touched the 21-day MA price rebounded in the upward direction. At the same time, the Stochastic Relative Strength Index (RSI) seems to be confirming the price upside rebound, as its lines have just delivered a bullish crossover in the oversold area of the indicator. As a result, traders can anticipate that price action may move towards the $0.01800 price level. Also, it is exciting to know that the Tamadoge Army is about to get rewarded, keep the excitement on!
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— TAMADOGE (@Tamadogecoin) May 16, 2023
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