When the price of Tamadoge reached the height of $0.0435 in the 9th hour, sellers became strong enough to hold up the bullish progress. This resulted in a sideway-ranging market. The tug-of-war was a deadlock between the buyers and the sellers. And it continued until the 11th hour when the market finally broke in a bearish way. But their bearish victory lasted for just 45 minutes before bulls reclaim dominance in the market.
.Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.0387
- TAMA/USD market cap: $41,089,172
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2661
- Resistance: $0.0400, $0.0500, $0.0600
- Support: $0.0300, $0.0400, $0.0450
Tamadoge Market Price Analysis: The Indicators’ Point of View
The Bollinger band had already given the sign for the breakout as it compressed its band. That was a sure sign that the breakout won’t be long. And after the breakout, the market went in favour of the bears, and the bulls responded accordingly. This type of response made the band of the indicator widen out as it prepares for very volatile market performance. However, it did not take long before the buyers began to relent. This is making the bands converge again. This time, the market may go bullish way after the consolidation period.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
The height reached by the bullish performance was $0.0406. This was touching the threshold of the Bollinger indicator’s moving average. It did not cross it. But, it bounces back to the low side again. As the buying pressure matches with the buying pressure in the Tamadoge market, we should expect a price consolidation at the current price.
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