The market went bullish way in the 8th hour of today’s trading session. The bullish candlestick for the session portrays a market with the buyer in full control of the session. But in the next trading session, the direction of the price took up a downturn as selling pressure responds to the buying pressure. The Tamadoge market may be establishing the basis for another upward price performance as buying pressure and selling pressure are getting even.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.02346
- TAMA/USD market cap: $37,417,929
- TAMA/USD circulating supply:1.05Billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2674
- Resistance: $0.0300, $0.0350, $0.0400
- Support: $0.0200, $0.0150, $0.0100
Tamadoge Market Price Analysis: The Indicators’ Point of View
In the Bollinger band indicator, between 7 am to 8:30 am of today’s trading session, the price action was performing along the edges of the lower band. This means an imminent upward movement of price will soon take place. As expected, this became a reality in the 8th hour of today’s trading session. The price moved upward but was soon cut short at the resistance level of $0.0258. The bears took over the market. Now, as the bulls begin to gather momentum, the market is establishing a support level at $0.0231 and from here, the market is taking an upward performance.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
The market is already taking up an upward performance of the price. However, the bands of the Bollinger are not widening out to accommodate bullish performance in the market. There is a serious faceoff between the two market players at this point. And that is why the indicator is not showing the sign of a decisive direction in the market.
One alternative to Tamadoge we recently reviewed is IMPT token, currently on the first stage of its presale and close to selling out that stage – having so far raised $6 million. Find out more at the link below.
- Early Stage Presale Live Now
- Doxxed Professional Team
- Use Cases in Industry – Offset Carbon Footprint