Tamadoge (TAMA/USD) Remains Strong at the $0.014 Price Level
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The current high volatility in the TAMA/USD market is a very good opportunity for the bulls to reclaim new price levels. But for now, the market remains around the $0.014 price level. The demand line is acting as a strong barrier against the TAMA bear market as long-term market holders continue to take their profits.
Key Levels
- Resistance: $0.017, $0.018, and $0.019
- Support: $0.013, $0.012, and $0.011
Tamadoge Price Analysis: The Indicators’ Point of View
The TAMA/USD Bulls are beginning to gather around the $0.014 support price level, and that is why this price level remains a strong brick wall against the advances of the TAMA bears. With the level of market volatility, an upside price rebound is likely to take place from this level. Currently, according to the indicators, the market is below the equilibrium level and is in the sell zone. But the bullish price recovery is in progress. The next resistance to face is the $0.015 price level.
TAMA/USD Short-Term Outlook: 1-Hour Chart
From a 1-hour perspective on the market, we see the market breaking out to the upside significantly from the $0.014 price level. The bullish move appeared so strong that the line of the Relative Strength Index (RSI) had an almost vertical-like rise. This, however, raises concern, as such a sharp bullish move may trigger a bearish response. From another point of view, it may be that the TAMA bears are now exhausted and the market is now becoming one-sided, which is good for the bulls.
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