Tamadoge (TAMAUSD) Demand Line Remains Unbreakable
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The long-term price consolidation around the $0.015 price level is setting the level up as a strong bullish stronghold. The Tamadoge market still trades within the $0.015406 and $0.015286 value lines, suggesting that it lacks the force weight to further induce the market in a clear direction on either side and outside of its usual ranging zone. Maintaining the current trend, bullish and bearish pressures cause the market to continue to oscillate within the long-held eastward price channel.
Key Levels
- Resistance: $0.017, $0.018, and $0.019
- Support: $0.015, $0.014, and $0.013
(TAMAUSD) Price Analysis: The Indicators’ Point of View
The long price consolidation is going to strengthen the support level, making it a strong baseline to propel the Tamadoge market to the upside. However, since the recent $0.0167 price high on May 23, the market has been having lower highs, but the $0.0151 support level has not changed, leading to the convergence of the Bollinger Bands. The deadlock struggle is still ongoing between demand and supply.
TAMA/USD Short-Term Outlook: 1-Hour Chart
In the 1-hour timeframe, we noticed that the support level at $0.0151 appears to be very strong as it holds against bearish pressure. From the standpoint of the Relative Strength Index (RSI), the market is in recovery again, as it measures at 41. The selling momentum is falling. The market is about to swing above the moving average again.
The Tamadoge game is soon to be available on the Google Play Store and iOS.
Big news #TamaArmy! Today we submitted the Tama Arcade app to the iOS and Android app stores 🔥
We’re waiting for approval but can’t wait to show you what a #memecoin with utility can do 💪
Thanks to the Tamadoge community for getting us this far – there’s still a lot more to… pic.twitter.com/aYTlL0OKY7
— TAMADOGE (@Tamadogecoin) May 31, 2023
Do you want a coin that will be 100 times more valuable in the next few months? That is Tamadoge. Buy TAMA today!
