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The TAMA/USDT market continues to trade above the $0.001900 mark, ensuring that price levels above the $0.002000 mark remain within sight. Additionally, price action in this market is retaining support above key technical levels, which may facilitate a continued upside correction.
Key TAMA Statistics on August 10, 2024:
TAMA’s Price: $0.001919
Tamadoge Market Capitalization: $2,646,330
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1439
Key Price Levels:
Resistance: $0.002000, $0.002500, and $0.003000
Support: $0.001850, $0.001550, and $0.001250
TAMA/USDT Market Upside Forces Are Lurking
It is evident that the Tamadoge market has moved up from the previous support around the $0.001700 mark—currently, the token trades above the 20- and 50-day Exponential Moving Average (EMA) lines. While the ongoing session has shown a minor downward correction, it remains above the aforementioned indicator lines.
Furthermore, the Stochastic Relative Strength Index (SRSI) maintains a generally upward path following its recent crossover just below the 50 level. Consequently, indicators suggest that downward forces are not particularly strong, allowing upside forces to potentially regain control of price movement.
Upside Forces in the Tamadoge Market Are Likely to Gain Significant Momentum
Although a minor downward correction in the TAMA/USDT hourly market can be observed, the market remains above all the EMA curves. Similarly, the 50- and 200-day EMA curves are converging for a crossover below the current price activity.
At the same time, the SRSI indicator lines are already in the overbought region, above the 80 level. Therefore, it can be deduced that price activity may easily gain bullish momentum from this point, making using bullish crypto signals targeting the $0.002000 mark a plausible strategy. Also, you can jump into any game within the Tamaverse now and claim your portion of $TAMA rewards.
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— TAMADOGE (@Tamadogecoin) August 7, 2024
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