Tamadoge (TAMAUSD)’s $0.015 Support Price Level Is Still Very Strong
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Tamadoge still feels very strong at the $0.015 price level, despite the bearish pressure. Traders are just not willing to buy the market below the $0.015 price level. The support level has endured heavy pressure from the TAMAUSD bears, pressing hard against the $0.015 support price level as they look for a breakthrough since the previous daily session.
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-term price range within this level has strengthened the $0.015 price level, making it a strong bullish baseline and a brick wall against bearish advances. Up until now in the Tamadoge market, bulls have been responsive to bears, and the current swing low will soon be followed by a swing high, all within the eastward consolidating price channel.
However, looking at the market from the perspective of the Relative Strength Index (RSI), between May 15 and today, the market has had more swing lows than swing highs. Due to this fact, the market is tilting slightly in favor of bears. Over the past while, the price channel has been shifting slightly to the downside. But as bullish sentiment remains strong at $0.015, the tide may turn in favor of bulls.
TAMA/USD Short-Term Outlook: 1-Hour Chart
In the 12-hour session of today’s market activities, the appearance of a dragon fly doji candlestick pattern suggests that the trend is about to reverse. It was just a brief price retracement after the market had hit the $0.0152 resistance. But the TAMA bulls are drawing strength from the $0.015 price level to turn the market northward.
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