Tamadoge (TAMA) price is once again getting hot due to the increasing interest from the memecoin enthusiast. After an intense downtrend, the dogcoin has started to show some bullishness. However, its overall market structure remains bearish.
The popular memecoin remained highly volatile during the weekend. After a 1.78% bounce on Sunday, the digital asset extended its gains on Monday. At press time, the Tamadoge coin is changing hands at $0.0091 after rising by 0.44%.
Recently, Tamadoge revealed 3D NFTs on Twitter. In an industry where most of the memecoin projects have been a cash grab till now, Tamadoge team has shown significant development. The project has already released 4 play-to-earn games and is one of the rapidly evolving dogcoin ecosystems.
Web3 games like Rocket Doge, To The Moon, TMA Blast, and Super DOGE are already live on the website. However, these are very basic games with very little user growth in the past few months. Due to this reason, Tamadoge price has remained in a tailspin despite all the development.
As visible on the following TAMA chart, the coin has been in a tailspin since hitting its yearly peak in April 2023. During this time, the price has plummeted by nearly 76%. The coin almost remained unfazed during the memecoin season that started in May 2023.
Tamadoge price prediction is looking very bearish as the coin is constantly making lower highs and lower lows on a higher timeframe. In order to gain a bullish outlook, the coin needs to break out of the falling wedge, as shown in the chart below. Considering the current price action, it is highly unlikely that TAMA could flip SHIB anytime soon.
I’ll keep posting my updated TAMA price analysis and upcoming 1000x gems on my Twitter, where you are welcome to follow me.
This post was last modified on Aug 07, 2023, 09:26 BST 09:26