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Price activity in the Tamadoge market seems to be aligning in a bullish pattern. The price action in this market has once again tested the same support level as it did some sessions ago. As a result, the pattern of price action has aligned into a falling wedge pattern, suggesting a bullish rebound at this point.
Key TAMA Statistics on April 17, 2024:
Tamadoge’s Price: $0.004620
TAMA Market Capitalization: $6,470,757
TAMA’s Circulating Supply: 1,393,353,219
Tamadoge’s Total Supply: 1,417,967,396
TAMA’s Rank on CoinMarketCap: 1200
Key Price Levels:
Resistance: $0.005000, $0.005300, and $0.005500
Support: $0.004600, $0.004500, and $0.004400
TAMA/USDT Begins a Bullish Bounce
Over the past two sessions in the Tamadoge market, price action retraced the previous support at the $0.004600 mark. The ongoing session has delivered an upside correction. However, the last price candle here has fallen below the Guppy Multiple Moving Average (GMMA) lines.
The Stochastic Relative Strength Index (SRSI) lines have a downward path, but the leading lines of this indicator can be seen deflecting toward the lagging ones. Considering the printed gains in the ongoing session and the fact that price action has hit a previously tested support, a bullish bounce can be expected out of the ceiling of the falling wedge triangle.
Bullish Progress Persists in the Tamadoge Market
The TAMAUSDT hourly market has progressed in the ongoing sessions. While the previous session bounced off the support at the $0.004600 mark, the ongoing session has continued on the upside path. As a result, prices have even increased to $0.004640. The SRSI indicator lines are now trending upward and towards the overbought region.
This aligns with the anticipation that a bullish breakout may occur at this point. Consequently, more bullish crypto signals may be used in the ongoing session, pushing prices upwards towards the $0.005250 mark. Also, prepare to sprint. Tomorrow marks the debut of Tamadoge Pursuit.
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