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Strong bullish support cut short the selling pressure in the 6th hour of today’s Tamadoge market. Then they formed their support at $0.0223. This price level served as the basis for the bulls market that followed. The Bulls’ market continued till the 9th hour as selling pressure became strong at that time, but the bulls were able to hinder the bearish market.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.0221
- TAMA/USD market cap: $25,501,606
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2683
Key Levels
- Resistance: $0.0300, $0.0350, $0.0400
- Support: $0.0200, $0.0150, $0.0100
Tamadoge Market Price Analysis: The Indicators’ Point of View
Buyers were so strong, in resisting the bearish pressure, that they made the market range at around the $0.02305 price level from the 10th hour to around the 13th hour. Because of the faceoff between bears and bulls for the period, the two bands of the Bollinger indicator converge. As the struggle reaches its peak, the proximity between the upper and the lower band increases, then we had a bearish breakout. Bulls responded to the bearish market by recovering the price back to where it was before.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
The $0.0221 price level is a strong support level that is difficult for the sellers to break. From here, it is likely, the bulls may suddenly take the market from here as the Bollinger indicator points to the high volatility of the TAMA market. And also because the moving average is changing its direction to the upside, we should expect a bullish price performance.
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