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After price action in the Tamadoge market exited the falling wedge triangle pattern, the token continued trading outside that drawn shape. As a result, trading activities in this market is occuring above a higher support level now. Let’s take a closer look at the market through the applied technical indicators.
Key TAMA Statistics on April 22, 2024:
Tamadoge’s Price: $0.005290
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: 1203
Key Price Levels:
Resistance: $0.005300, $0.005400, and $0.005500
Support: $0.005250, $0.005150, and $0.005050
TAMAUSDT May Advance Towards the $0.005500 Mark
Downward forces induced a correction in the previous session in the Tamadoge market. However, the behavior of the market in the ongoing session suggests that upside forces may have started fighting back. Also, trading activities remain above most of the Guppy Multiple Moving Average (GMMA) curves.
Additionally, it could be seen that the Moving Average Convergence Divergence (MACD) lines are still rising upward after crossing above the equilibrium level. At the same time, the bars of the MACD indicator are still appearing above the equilibrium level despite the minimal downward corrections.
Tamadoge Bulls are Standing Their Ground Against Headwinds
Trading activities in the TAMAUSDT market continue to happen above the $0.005250 mark. This seems like an elevated price level compared to where the market broke out from. Also, price action in the market stays above most of the GMMA lines. The last price candle on this chart shows that price activity has contracted toward the bull side of the market. This hints that buyers may be trying to re-enter the ongoing session.
Meanwhile, the MACD lines have converged considerably above the equilibrium level. This hints at the fact that upside forces may regain control and cause the market to rise towards the $0.005500 mark. This will then reward traders who are using bullish crypto signals in this market and at this point. Also, you can get in on the pursuit, achieve the highest score now, and snag $100 worth of $TAMA 🐶. Even if victory eludes you, you’ll still nab a piece of the regular prizes. No reasons to skip playing!
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