TAMA Takes New Base for Another Upward Breakout

After the price rises from the $0.0404 level to $0.0426, the market goes flat at this point with very tight proximity between the support level and resistance level. At this point in the TAMA market, the bulls are gathering strength in preparation for a new upward trend.

 Tamadoge Market Price Statistic:

• TAMA/USD price now: $0.0425
• TAMA/USD market cap: $56,295,127
• TAMA/USD circulating supply:1.01Billion
• TAMA/USD total supply: 1,049,733,333
• TAMA/USD coin market ranking: #2650

Key Levels

• Resistance: $0.0500, $0.0600, $0.0700 
• Support: $0.0300, $0.0400, $0.0400

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 Tamadoge Market Price Analysis: The Indicators’ Point of View

At the top price resistance level of 0.0499, the volatility began to reduce as the price falls. This happened at around 7 am today. But, by 11 am, the market became stable at the $0.0400 support price level. This was a result of buying pressure becoming stronger. They became strong enough to stop bearish advances. As a result of this, the price broke out to the upside. The market had a brief uptrend before it paused at the present resistance level. At this point in the market, the Bollinger band is compressing. And the price action is moving close to the upper band of the Bollinger indicator. The expectation as the band is compressing is that the price will break out the upside. We can see from the chart that the bulls are becoming stronger.

Tamadoge: TAMA/USD 5-Minute Chart Outlook 

What we should expect after the Bollinger band compresses is a soon price breakout. There is going to be a massive buying of in the Tamadoge market. Looking at the price action now, we can see that the price is already moving in the upward direction. Investors can keep their eyes on the MACD lines. Presently the MACD indicator shows a ranging market. There is no distinct difference between the fast and slow lines. They should watch for a distinct divergence of the fast line from the slow line before placing their trades.

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