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Tamadoge P2E Game Tier 1 Exchange Listing – Can TAMA 20x From Here?

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The play-to-earn meme coin, Tamadoge (TAMA), has recently been making news due to the success of its presale which brought in an impressive $19 million.

The Tamadoge team signed an exclusive partnership with Tier 1 OKX Exchange to have TAMA listed and this went live on 27 September.

Following its listing, early investors were quickly up 129% in profit.

At the time of writing, TAMA is trading near the $0.02197 level and its price should be watched closely as more people enter the ecosystem.

One of the most popular features of the project is to train a pet to fight other pets and get rewards for doing so. The P2E battling leaderboards will be released sometime in Q4 2022.

The total prize fund for the TAMA trading competition hosted by the OKX exchange is $200,000. If you deposit $50, you will receive $5 worth of TAMA and the opportunity to win prizes from a $200,000 pool. Finally, OKX has exclusive bonuses for new users as well.

Tamadoge’s current price is $0.021861, with a 24-hour trading volume of $1,684,168. Tamadoge has pulled back slightly after huge rally.

Can TAMA 20x From Here?

Given TAMA’s presale success and the technical outlook, the coin appears to have a good chance of bouncing off 20x in the coming weeks. TAMA has formed a triple bottom level on the hourly timeframe, extending immediate support near the $0.0210 level. Closing candles above this level increases the likelihood of a bullish reversal. 

TAMA/USD Hourly Price Chart

Furthermore, TAMA has now entered the oversold zone, which means that bulls may take control and buy the coin as it is technically in undervalued territory.

As a result, the $0.0212 support level is extremely important. TAMA can bounce off this level to retest the $0.0226 resistance and a break above can drive further buying until the $0.02413 level.