Tamadoge (TAMA/USD) Achieves Stability Beyond $0.006, Eyes Sustained Price Surge
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Currently, the Tamadoge market is showing signs of stabilization above the $0.006 threshold, with this level now acting as the new support. This shift follows the recent peak of the bull market around $0.0069. Presently, there’s a back-and-forth struggle between supply and demand near $0.0062, where bullish traders may find a supportive environment, potentially fueling further bullish momentum towards the $0.0075 target.
Key Levels
- Resistance: $0.013, $0.014, and $0.015.
- Support: $0.0045, $0.0040, and $0.0035.
TAMA/USD Price Analysis: The Indicators’ Point of View
As the price of Tamadoge maintains a sideways trend around the $0.0062 level, there is a noticeable convergence observed from the Bollinger Bands. Initially, between February 10 and February 12, bullish activity in the market heightened volatility; however, volatility levels are currently subsiding. This crypto signal suggests the potential emergence of a significant price level from the current range. Additionally, it could potentially trigger a strong upward movement in the market, with $0.0075 remaining the target, given its historical significance as the starting point of the bear market on January 17th.
Tamadoge Short-Term Outlook: 1-Hour Chart
Upon examining the 1-hour chart of the Tamadoge market, we observe the Bollinger Bands converging, indicating a narrowing price range and potentially foreshadowing a decisive market movement. Currently, the chart displays a prominent bearish candlestick approaching the key support level. While this may suggest an imminent bearish direction, it’s essential to recognize that the $0.006 support level remains intact, poised to mitigate bearish momentum and sustain the $0.0075 price target.
Polygon is currently home to the Tamaverse.
The Tamaverse is now on @0xPolygon
💎 Low gas fees to claim $TAMA prizes
💎 Low gas fees to level up your NFTs
💎 Low gas fees to stake your earningsPlay and earn more on Tamadoge Arena now 👇
📱 Android: https://t.co/INCaGendE4
📱 iOS: https://t.co/Fj9tT5Oicu pic.twitter.com/hUw4FX4sag— TAMADOGE (@Tamadogecoin) February 9, 2024
Do you want a coin that will be 100 times more valuable in the next few months? That is Tamadoge. Buy TAMA today!
