Tamadoge (TAMAUSD) Is on the Rise
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After a while of market consolidation along the edge of the oversold price level, we are now seeing an aggressive bullish breakout. The Tamadoge market has been taken over by the bulls since today’s trading session started. The bulls have launched the market out of indecision with very strong momentum, and the aggressive bullish activities in the market are pushing the price closer to the $0.02 price level.
Key Levels
- Resistance: $0.035, $0.040, and $0.045
- Support: $0.015, $0.014, and $0.013
Tamadoge (TAMAUSD) Price Analysis: The Indicators’ Point of View
As the $0.02 price level gets within the reach of the bull market, they may be exposed to a bit of resistance at the level. In the second 4-hour session of today’s market, we saw the bull market turn back near the $0.02 price level. The price retracement is a result of the key resistance. But in the third trading session, the bulls bounced back aggressively. With this type of price movement, the key resistance level will be captured soon. In the Moving Average Convergence and Divergence (MACD) indicator, the faster line is now fast approaching the zero level, and the bullish histograms are very progressive.
TAMA/USD Short-Term Outlook: 1-Hour Chart
The market has experienced a period of indecision, which, at its peak, resulted in an explosion of the market in the upside direction. In the same way, the Bollinger Bands indicator portrays an increase in the volatility level as the market approaches the $0.02 price level. This is because some traders have set the $0.02 price level as a target for a take-profit. This may not have much effect on the bull market, as some other traders are entering the bull market.
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