Is TAMA Doomed to Fail?

Tamadoge crypto has been in a free fall for the past seven intraday sessions trimming off over 15% to reach a record low. The price lost ground after the breakdown of a small consolidation phase near the $0.007 level to resume the downtrend.

The breakdown triggered a long unwinding and the price went on digging lower to test an all time low of $0.006. As observed on the 4 hour chart, the crypto has started the day with a positive note and has maintained itself above Wednesday’s low. 

The buyers are struggling to conquer yesterday’s high and defend the all time low. TAMA crypto hovers below all the key EMAs and might register a new all time low if stretches lower further.

At the time of writing, the Tamadoge crypto was at $0.0063 with an intraday drop of 1.22%. It ranks 985th as per market capitalization with a live market capitalization of 8.75 Million. It has a 24-hour trading volume of 781.95 K with a 24-hour drop of 8.29%.

Tamadoge Crypto Price Action Analysis

The Tamadoge crypto has been losing since early December 2023 when the price failed to reclaim itself above the 200-Day EMA. The price registered an all time low of $0.006 nearly five months ago in August.

Thereafter, TAMA experienced a recovery due to an optimistic trend in the overall crypto market. The price then surged higher and attempted to make a trend change but failed multiple times near the 200-Day EMA.

In December 2023, a Double top pattern was observed near the 200-Day EMA after which the price dropped sharply. The crypto made its way to its all time low and is expected to fall further.

Tamadoge Price Prediction January 2024

The most optimistic view of analysts estimates that the TAMA crypto may attain a high of $0.0065 by the end of January 2024. However, the pessimistic aspect of analysts hopes the price could drop to an all time low if it weakens more to $0.00596.

Tamadoge Crypto Price Prediction 2024

The price forecast for the year 2024 is that the TAMA token price could reach a high of $0.0085, suggesting a potential gain of over 36.60% if the most positive conditions prevail. Moreover, the bearish outlook of the analysts hopes the price could reach $0.00739 by the year-end.

Tamadoge Price Prediction 2025

By the year 2025, the Tamadoge price may attain $0.00990 as the highest price on the positive side. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $0.00853.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.