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In the previous post, it was revealed that the Tamadoge market has assumed a bullish pattern. Moving on from there, it can be seen that the market continues to behave as predicted. This is made evident as price action broke out of the falling wedge triangle pattern drawn on the analyzed price chart in this article.
Key TAMA Statistics on April 19, 2024:
Tamadoge’s Price: $0.004770
TAMA Market Capitalization: $6,673,636
TAMA’s Circulating Supply: 1,393,353,219
Tamadoge’s Total Supply: 1,417,967,396
TAMA’s Rank on CoinMarketCap: 1213
Key Price Levels:
Resistance: $0.004900, $0.005200, and $0.005400
Support: $0.004700, $0.004600, and $0.004500
TAMA/USDT Begins a Bullish Breakout
As earlier stated, the Tamadoge market has continued to form a bullish pattern. Currently, the market can be seen breaking out of the plotted falling wedge pattern. As a result, price action now lies above the Guppy Multiple Moving Average (GMMA) lines.
However, a downward correction could be seen in the ongoing session, but the token continues to trade above the GMMA indicator lines. Also, the Stochastic Relative Strength Index (SRSI) indicator lines maintain a generally upward trajectory. Consequently, this suggests that upside momentum is still active, and traders can utilize bullish crypto signals in this market, as upside potentials are viable.
Tamadoge Stays Optimistic
The TAMA/USDT market has, as mentioned earlier, witnessed some correction towards the $0.004750 mark as a baseline. Nevertheless, as mentioned previously, the coin keeps trading above the GMMA indicator lines. Also, careful inspection will reveal that the price of the token has increased, as expected from the previous analysis.
At this point, this market continues to gravitate towards the $0.005000 mark as a resistance price level. Also on the bright side, the SRSI indicator lines remain in the overbought region and may regain an upside trajectory more easily. Consequently, this will further strengthen the upside correction in the market. Additionally, each week, we host competitions in which participants earn $TAMA. The greater your performance, the larger your portion of the winnings.
Every week we run contests where players win $TAMA – the higher you score, the bigger your share 💥
You get two chances to win:
👾 High Score is for the top score for the contest.
🎮 Total Score is for the collective score.Check them out here 👉 https://t.co/NMejUTNWZS pic.twitter.com/FdJ5OCFPSD
— TAMADOGE (@Tamadogecoin) April 19, 2024
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today
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