For the short-term 24 hours, TAMA/USD price action has been trading under the price resistance level of $0.01601. However, considering the ongoing session, it could be perceived that the mentioned resistance level has been broken. Consequently, this suggests that more upside retracement may be witnessed.
TAMA: May 21st, 2023
Tamadoge Value: $0.01615
Tamadoge Market Cap: $21,865,682
TAMA Flowing Supply: 1,025,380,201
Tamadoge Total Supply: 1,418,004,176
Tamadoge Ranking on CoinMarketCap: 591
Major Price Levels:
Resistance: $0.01615, $0.01655, and $0.01695
Support: $0.01600, $0.01580, and $0.01555
.01552 Support" width="1260" height="668" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/05/TAMAUSDT_2023-05-20_03-46-09.png"/>
Tamadoge (TAMA/USD) Bursts Through Price Ceiling Level
Price activity in the TAMA/USD 4-hour has surpassed the price ceiling at $0.01601. By implication, this indicates that a significant tailwind may have been triggered. Also, the Relative Strength Index (RSI) indicator curve continues to trend upwards, with the leading line now above the 50 levels of the indicator. Meanwhile, the lagging line remains at the 35.68 mark, which suggests that the current price trend may be strong enough to cause a significant upside retracement.
.01552 Support" width="1260" height="668" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/05/TAMAUSDT_2023-05-20_03-46-35.png"/>
The Tailwind in the TAMA/USD Market Is Already Pushing Limits
In the hourly TAMA/USD market, price action has already broken through the uppermost band of the Bollinger Bands indicator. Also, it is important to note that the last price candlestick for this session is still a green one, which indicates that buyers still outnumber sellers in the ongoing session. Furthermore, the RSI indicator’s leading line has reached the peak of the indicator in the overbought region. However, the behavior of this line suggests that a trend reversal may not occur here. This can be seen as the leading line has stuck to the 100 mark and is now trending sideways. Therefore, traders can anticipate that price action may retrace the $0.01650 mark. It is also juicy to stay connected with all the latest Tamadoge updates, giveaways, and news to make more profits. Join our Telegram channel to do that.
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— TAMADOGE (@Tamadogecoin) May 20, 2023
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