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Tamadoge’s bull market encountered strong resistance on 05 November, sending the price below the $0.0030 price level. Later, bulls sought bullish support, and were able to secure it in the 14th hour of yesterday’s market. Since then, the market has trended upward, and the bulls finally broke the $0.0032 price level. Nevertheless, the bears are still strong around this price level.
Tamadoge Market Price Statistic:
- TAMA/USD price now: $0.031
- TAMA/USD market cap: $32,885,697
- TAMA/USD circulating supply: 1.05 billion
- TAMA/USD total supply: 1,049,733,333
- TAMA/USD coin market ranking: #2676
Key Levels
- Resistance: $0.0320, $0.0350, $0.0400
- Support: $0.0300, $0.0250, $0.0200
Tamadoge Market Price Analysis: The Indicators’ Point of View
Yet again, the bulls are creating another support at $0.0031 (which is higher than the previous support price level), and from here will likely drive on toward the $0.0032 price level. The Bollinger bands are moving in straight and horizontally due to price consolidation and, after this brief indecision, the market will likely move in a bullish direction. The Bollinger bands’s formation is further explained by the RSI, which is at virtual neutrality at 55.
Tamadoge: TAMA/USD 5-Minute Chart Outlook
TAMA buyers are intensifying their efforts as the session progresses to break out in a bullish way. After securing support at $0.03, the bulls progressively pushed the price upward, and in the 9th hour of trading the price did indeed break above the Bollinger bands’s 20-period SMA. Since then the price has managed to stay up and tend toward the $0.032 level.
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Source: https://insidebitcoins.com/news/tamadoge-price-prediction-for-7th-of-november-tama-is-a-step-closer-to-0-032