Tamadoge Price Prediction for the 5th of December: The Long-Term Outlook on TAMA Is Bright

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At $0.0151, Tamadoge bulls were able to turn the tide of the market as they began to recover the bullish price. But at the $0.017 level, traders decided to take their profits and as a result of this, the price fell short of the $0.017 resistance level. However, the buyers continue to maintain a higher support level for the price.

Tamadoge Market Price Statistic:

TAMA/USD price now: $0.0164
TAMA/USD market cap: $22,709,602
TAMA/USD circulating supply:1.05Billion
TAMA/USD total supply: 1,049,733,333
TAMA/USD coin market ranking: #2731

Key Levels

Resistance: $0.017, $0.018, $0.020
Support: $0.014, $0.013, $0.012

Tamadoge Market Price Analysis: The Indicators’ Point of View

The Bollinger indicator illustrates the market settling on a higher price level, but as the market nears the $0.017 level, the price channel becomes a bit narrow. This illustrates the intensifying struggle going on between demand and supply. For the time being, the price is below the moving average: this means that bears are having the upper hand, but the RSI line conveys a bullish recovery sentiment.

Tamadoge: TAMA/USD 5-Minute Chart Outlook

The MACD line has crossed over the signal line in the negative zone of the indicator. Tamadoge bulls are trying to regain balance and then re-attempt the $0.0162 resistance level. The bulls need to secure another support level nearer to the $0.162 level. This will increase their chances of breaking the level. After this, the next target will be the $0.017 price level.

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— TAMADOGE (@Tamadogecoin) December 5, 2022