More Tamadoge (TAMAUSD) Bulls Are Coming Into the Market
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More Tamadoge bulls are coming in from around the $0.014 price level, and as a result, the bearish pressure is wearing out. Buyers are becoming stronger to reclaim the $0.015 price level, which was formally bullish support.
Key Levels
- Resistance: $0.017, $0.018, and $0.019
- Support: $0.013, $0.012, and $0.011
TAMAUSD Price Analysis: The Indicators’ Point of View
After the June 6 market peaked above the $0.015 price level, we could see that the Tamadoge bears were still formidable as we began to have lower highs from then on. This kept the price channel still down-trending, but with divergent Bollinger Bands, indicating high volatility. Bulls gather sufficient strength to turn the market around at the $0.014 price level, and from the looks of the Bollinger Bands, the price channel is turning to the upside as the increasing buying pressure is now being felt in the market again.
TAMA/USD Short-Term Outlook: 1-Hour Chart
We can see, from a 1-hour chart point of view, that there is bearish resistance at the $0.0144 price level, and in the third hour of today’s daily trading session, the market fell to $0.0417. At this price level, the market became flat due to indecision. This price consolidation around this level is to secure a strong support level that will form the baseline for the continuation of the TAMA bullish market movement.
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