Tamadoge (TAMAUSD) Still Holds the Expectation of Bouncing Back from Below $0.014
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Since the start of today’s trading session, buyers appear to be strengthening the $0.0131 support price level ahead of a bounce, even though the TAMAUSD bears are ambitious. Towards the end of the previous daily trading session, the bearish ambition of reaching the $0.0125 price zone was cut short at $0.0131. An upside price action should follow this.
Key Levels
- Resistance: $0.035, $0.040, and $0.045
- Support: $0.013, $0.012, and $0.011
TAMAUSD Price Analysis: The Indicators’ Point of View
The lower standard deviation of the Bollinger Bands indicator is beginning to respond by recoiling to the latest development in the TAMAUSD bull market. The growing demand in the market is pushing bears backward.
Also, in the Moving Average Convergence and Divergence (MACD) indicator, the negative histograms are turning faded red. The TAMA bulls just need to follow this through because the new support level at $0.0131 seems strong enough to support more upside price actions.
Tamadoge Short-Term Outlook: 1-Hour Chart
While the support level continues to hold strong, the price channel portrayed by the Bollinger Bands indicator still appears to be downtrending. But the TAMAUSD bull market, from the perspective of the Relative Strength Index (RSI), bounces for a bullish recovery from the edge of the oversold region of the indicator. The RSI line now measures 41.93. The next bullish stop could be around $0.014.
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