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Tamadoge’s (TAMA/USD) Market Holds to a Fall, Preparing for Bounces

Johnathon Fox
07/03/2023 | UPDATED ON: 07/03/2023

Tamadoge Price Prediction – July 2
A prolongation of the loss of strength in the Tamadoge trade operation against the US economy has produced a situation showing that the crypto market is holding to a fall session on a lighter note, preparing for bounces.

The weight of the movements to the downside has been gradually reducing despite its slow-and-steady pushing pace, making bears to be at the top of the game between the trade value lines of $0.013495 and $0.013364 at a minute negative percentage rate of 0.64. Like usual, buyers would have to make their presence felt by adding to their positions before the presumed bullish run cycle regains its full course.

TAMA/USD Market
Key Levels
Resistance levels: $0.01500, $0.01600, $0.01700
Support levels: $0.01200, $0.01100, $0.01000

TAMA/USD – 4-hour Chart

The TAMA/USD 4-hour chart mirrors that the crypto-economic market holds to a fall, preparing for bounces around the underneath of the trend lines of the SMAs.

The 14-day SMA indicator is at $0.013532, beneath the $0.013590 of the 50-day SMA indicator. The Stochastic Oscillators have crossed southbound from the overbought region to levels between 56.83 and 24.67, denoting that buying activities may be put off for a short time to allow the price a pace of time to recoup its catalyst from a near-lower-trading spot.
Tamadoge's (TAMA/USD) Market Holds to a Fall, Preparing for Bounces

Should market participants who have taken long positions in the TAMA/USD market ease up on their presence near the SMA trend lines?

Fresh investors have no reason for not buying between the range-bound zones of $0.01400 and $0.01200 that the TAMA/USD market operations are holding, even to the advantage of a fall as the price is preparing for bounces.

No matter the velocity weight of the TAMA/USD market bears, the aftermath result will be to allow bulls to get a rebounding moment suitable for a buy order signal. So far, the transaction zones have been maintained between $0.01400 and $0.01200. Based on that assumption, long-position takers shouldn’t entertain any fear of quick sell-offs, as the better-up surging cycles are envisaged to be around the corner in the womb of time.
Tamadoge's (TAMA/USD) Market Holds to a Fall, Preparing for Bounces

TAMA/USD 1-hour chart

The 1-hour chart reveals that the crypto-economic holds to a fall, preparing for bounces at a full capacity level in an oversold condition indicated by the reading of the Oscillators.

The indicators have remained conjoined, driving to the eastward closely below the upper range line of $0.01400. The 14-day SMA is closely above $0.013540, trending at $0.013555. The Stochastic Oscillators have penetrated the oversold region, keeping the same levels of 0.00. That implies buying time is expected to resume based on the shorter running outlook.

You can participate in the action on the following app and Play stores:

 

📣 HUGE NEWS TAMA ARMY 📣

The Tamadoge Arcade app is now available on both iOS & Android 🎉🥳

You can get in on the action in the App and Play stores below:

🍏: https://t.co/k3NV8IkixH
🤖: https://t.co/KjO2dW3bGH

Why are you still reading this tweet?? Download the app now! pic.twitter.com/CYECB69NWy

— TAMADOGE (@Tamadogecoin) June 15, 2023


Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today


Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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