Tamadoge (TAMAUSD) Still Maintains the Prospect of Rising from $0.0130
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The bearish trend has continuously faced rejection at the $0.013 price level since June 10. TAMAUSD had a significant turnaround at the key support level during the opening session of yesterday’s market. The market has a high chance of a continuation of the bullish move as TAMA’s bearish sentiment appears to be waning around this current price level.
Key Levels
- Resistance: $0.035, $0.040, and $0.045
- Support: $0.013, $0.012, and $0.011.
TAMAUSD Price Analysis: The Indicators’ Point of View
The lower standard deviation curve and the 20-day moving average are responsive to the new market developments. But the upper standard deviation is unresponsive. This indicates that TAMAUSD bulls are catching up with aggressive bears, and as a result of this, the market now moves along with the moving average. The price is now at the equilibrium point. More bullish forces are needed to set the market sailing for the capture of higher price levels.
TAMA/USD Short-Term Outlook: 1-Hour Chart
From this timeframe, we can see that the Tamadoge bull market is progressive, and by keeping its position above the moving average, buyers retain dominance over sellers. However, a more bullish force is needed to break the $0.0135 price level before the market consolidates around this level again. If the market gets sucked into a consolidation trend again, the $0.013 support price level may not be able to resist bearish pressure, thereby leading to more price decline.
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