Tamadoge (TAMAUSD) Liquidity Is Increasing
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With the rising level of liquidity in the Tamadoge market, one should expect the market to begin to perform in a bullish direction as it breaks out of its long period of indecision. The rise in the level of liquidity is on both sides of the market. Both bull markets and bear markets are seeing an increase in the level of liquidity, and as a result of this, the market’s volatility is on the rise.
Key Levels
- Resistance: $0.035, $0.040, and $0.045
- Support: $0.015, $0.014, and $0.013
(TAMAUSD) Price Analysis: The Indicators’ Point of View
The increasing volatility is likely to set up the Tamadoge market to trade strongly against the US dollar. One reason to expect the market to rise is that after a while of indecision, the $0.015 support price level has remained a strong psychological level, and as the market got close to this price level in the early hours of today, we saw the bulls springing out aggressively from this level. The Moving Average Convergence and Divergence (MACD) indicator displayed very strong bullish histograms. However, as the market hit the $0.016 price level, the price was rejected. Buyers are gathering around the $0.015 price level as they aim to bring the market above the $0.016 price level.
TAMA/USD Short-Term Outlook: 1-Hour Chart
For now, the market is back at equilibrium, but it is still volatile. The volatility has helped to widen the price channel, thereby increasing the possibility for the market to move in a clear direction. The $0.015 price level is more likely to act as a strong baseline to keep the market on track, helping to widen the price channel and thereby increasing the possibility for the market to move in a clear direction. The $0.015 price level is more likely to act as a strong baseline to keep the market on course, as the bulls still target $0.017.
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