Market Bulls seem to have besieged the $0.01600 price mark, such that bears weren’t able to advance further into the bull’s territory. With the mounting buying pressure, bulls may gain enough momentum to push back the bears, and prices will rise upward.
TAMA: May 18th, 2023
Tamadoge Value: $0.01605
TAMA Market Cap: $22,605,015
Tamadoge Flowing Supply: 1,025,380,201
Tamadoge Total Supply: 1,418,004,176
TAMA Ranking on CoinMarketCap: 581
Major Price Levels:
Resistance: $0.01605, $0.01630, and $0.01660
Support: $0.01600, $0.01580, and $0.01550
.01600 Price Level" width="1260" height="668" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/05/TAMAUSD_2023-05-17_15-06-45.png"/>
TAMA/USD Prepares to Launch an Upside Move
On the 4-hour TAMA/USD chart, a green price candlestick has just appeared after price action once again pushed the lower limit of the Bollinger Bands. The Relative Strength Index lines have been interwoven in the oversold zone for about six trading sessions. However, the terminals of this indicator are now touching for a crossover. And with the appearance of the last green price candle, it appears some upside movement may be witnessed here.
.01600 Price Level" width="1260" height="668" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/05/TAMAUSD_2023-05-17_15-07-24.png"/>
Tamadoge Advances Towards Notable Support
On the 1-hour market, price action can be seen advancing towards the middle band of the Bollinger Bands indicator. The last price candle is already testing the mentioned part of the indicator. Meanwhile, the RSI curves are rising steeply upward to indicate that upside momentum may be building. Furthermore, if price action eventually crosses the middle limit to the upside, more tailwinds may be triggered. As a result, Tamadoge’s price may reclaim the $0.01700 price level. You can also join other players on Tamadoge to win 3,500 tokens every week.
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— TAMADOGE (@Tamadogecoin) May 18, 2023
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