TAMADOGE (CRYPTO:TAMAUSD) Tamadoge Coin Prediction

• TAMADOGE is a play-to-earn(P2E) project which works with the help of NFT’s(Non-Fungible Tokens).
• It was launched in July 2022 and recently it got Initial Coin Offering(ICO).
• Let’s analyse the price of Tamadoge and use this information for different purposes.

Tamadoge fell by (47.13%) overall. The all-time high value of the Tamadoge was $0.032 and then it fell to $0.007. 

However, it was up by 40.7% last month. The coin is highly volatile and the price keeps fluctuating.

The coin is essentially in a sideways position. It made some corrections due to which it showed retracement in 2023. 

Technical Analysis will help us to study the price variations of Tapadoge.

Technical  Analysis of Tamadoge(Yearly)

We can clearly see that the coin is forming a downtrend. As it came into the market in 2022. It was down by (47.13%) in the yearly time frame.

According to some forecasts given by coin codex, the coin may drop to $0.010 or might fall by 7.23% by 18th September 2023.

F&G(Fear and Greed) Index is showing 45(fear). The market sentiments are bearish in nature near the current market price.

Technical  Analysis of Tamadoge(Monthly)

In the monthly time frame, the coin is in a downtrend position. 

In the last 30 days, the coin recorded 14/30 days green which is around 47%. The price volatility was 16.09%.

According to some reports given by coin codex, it is a good time to buy Tapadoge coin.

We can clearly see, the pattern appearing is known as the morning star. It indicates that the price will start to move up in the future.

It appears in a bear trend or bearish momentum. It’s up by 40.27% in the monthly time frame.

Technical  Analysis of Tamadoge(Weekly)

In the weekly time frame, the coin is behaving in the same manner as it was behaving in the monthly time frame. 

It was up by o.15% in the last 7 days which is quite good because it is showing positive signs.

Technical  Analysis of Tamadoge(Daily)

The coin in the daily time frame was in downtrend but it started some upward movement.

It means the coin has given a breakout and started some recovery phase. Today it was up by 1.02%. 

Summary

Through the technical analysis we can conclude that the coin is not performing well in the monthly, yearly, weekly and daily time frame. 

In the daily time frame, it is a sideways position. In the weekly time frame, according to candlestick it may move lower in the future. 

Also in the monthly and yearly time frame, the coin is not doing well. The candlestick pattern gives confirmation that the coin may move up in the monthly time frame.

Crypto investors should have proper knowledge about the cryptocurrency market. 

Technical levels

Resistance Level- $0.3076
Support Level- $0.2342

Disclaimer

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