Tamadoge (TAMAUSD) Is Off to the Moon
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Tamadoge bulls began to gather momentum around the $0.0123 price level, but they needed to deal with strong bearish resistance around $0.01278. This was the price level at which buyers and sellers were engaged in a fierce tug-of-war before bulls finally gained the upper hand on June 20.
Key Levels
• Resistance: $0.017, $0.018, and $0.019
• Support: $0.013, $0.012, and $0.011
TAMAUSD Price Analysis: The Indicators’ Point of View
Since June 20, the Tamadoge market has been seeing massive buying, and by today the market had smashed through the $0.014 price level. But currently, the bullish price is pulling back as if to say it is waiting for more bulls to get on board, as this market still holds more possibility for upside action.
The Bollinger Bands were diverging on June 20, because at first the strong bullish movement of the price triggered a bit of some selling as some traders quickly took their profit, thinking the market would not go beyond the $0.0132 resistance price level. However, more bulls got on board at this level.
The $0.014 price level is a significant resistance level; a price pullback is normally anticipated to take place at this level. However, it is looking like bulls will find near-support at this price level to facilitate the continuation of the trend.
TAMA/USD Short-Term Outlook: 1-Hour Chart
Although, from the standpoint of a 1-hour timeframe, the price retracement has brought the market below the 20-day moving average, the market has found a support level at $0.0138. The price rallies from here. The indicators now portray the market turning around to continue the bullish trend.
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