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NewsBTC 2022-08-21 09:31:01

Tamadoge Makes Noise – Is TAMA A Better Alternative To SOL?

Tamadoge (TAMA) is a new and exciting play-to-earn meme coin that is predicted to grow 10-fold in price. SOL bullish streak invalidated Solana has reached the oversold zone Tamadoge meme coin dubbed as better alternative to SOL Solana (SOL) plummets as it loses the support of an ascending channel it is in and further invalidating its bullish thesis. The crypto market is experiencing a turbulence as Bitcoin lost support from a rising wedge pattern. Related Reading: Ethereum Plunges 21% In Last 7 Days, Drops Below $1,600 SOL Wading Oversold Waters According to CoinMarketCap, SOL is down by 3.27% and is currently trading at $35.48 as of this writing. Over the past two months, SOL has been seen as aggressively bullish and may possibly reach $50 but its singing a different tune now. Solana also loses a critical support level set at $39.5 mainly due to widespread crypto crash which pushed Solana into a bearish stance. At this point, Solana needs to attempt to fuse at current price levels and revisit the key resistance of $39.5. If it fails at this zone, then SOL could experience further decline. The next critical support level for SOL is now spotted at $32.4. Judging by the technical analysis on a 4-hour timeframe, SOL wades at the oversold waters and is forming a green candle pattern. Now, high-risk traders can go all-in and take advantage of the fear and worry exploding in the market by going long with the current price levels. Fu...

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