Tamadoge (TAMAUSD) in the $0.013 Price Zone; Time to Make a Good Buy
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As the price of Tamadoge ventures more and more into the demand zone due to selling pressure, it is creating an opportunity for traders to make a good buy. Currently, the market is below the $0.013 price level, and even though the price channel is trending downwards, the bull market is beginning to have a notable impact on the market as it recovers from the $0.0124 price level.
Key Levels
- Resistance: $0.035, $0.040, and $0.045
- Support: $0.012, $0.011, and $0.010.
Tamadoge Price Analysis: The Indicators Point of View
With the downward moving bands of the Bollinger indicator, it is portraying a progressive Tamadoge bear market. Previously, in the market, the $0.013 price level was the bullish stronghold or the last line of defense, but this barrier broke under heavy selling pressure, and now bulls are regrouping around the $0.012 price level. Below the $0.013 price level, some traders are already buying the dip, and because of this, there is a notable upward turn in the market. The Relative Strength Index (RSI) confirms this new development as it measures selling momentum at 38. The selling momentum is on the decline.
TAMA/USD Short-Term Outlook: 1-Hour Chart
From a 1-hour chart standpoint, the market has retraced back to the 20-day moving average. The TAMA bull market now faces the $0.013 resistance level, which was formally the support level. From the 1-hour outlook on the market, the latest bullish move appears too strong, and because of that, there is the fear that exhaustion may turn the market down again. However, the market at this level in the demand zone has more of a tendency to rise than fall.
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— TAMADOGE (@Tamadogecoin) June 15, 2023
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