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The $0.02 price level is a strong support that has been preventing the bear market from driving the price of Tamadoge to lower levels. The fact the strong support level holds against the strong bearish pressure made the market go flat with a very narrow price channel. Towards the middle of today’s trading session, the market began to have momentum candlesticks. And the price action on the chart moves above the 20-day moving average.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.0214
- TAMA/USD market cap: $32,889,481
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2715
Key Levels
- Resistance: $0.0255, $0.0260, $0.0270,
- Support: $0.0200, $0.0180, $0.0170
Tamadoge Market Price Analysis: The Indicators’ Point of View
The strong bullish market hits a brick wall at a $0.0212 resistance level. But because the bull market is still strong, A new higher support at $0.0208 was formed. And because the support is so close to the resistance, the market went flat again, but price action remains above the moving average and this means that the bulls are still slightly having the upper hand. The Bollinger bands which were widening up before are now becoming narrow again. This compressing bands of the indicator will precede another bullish price action.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
From this outlook, we can see that efforts are already being made by Tamadoge bull to break the resistance level. The price action is now slightly above the resistance level. According to the Relative Strength Index, the momentum of the market continues at around 66 which is in the bullish zone. The next stop for the bulls market will be above $0.0022.
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— TAMADOGE (@Tamadogecoin) November 25, 2022
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