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Upside forces in the Tamadoge market have relinquished the support at the $0.001700 mark. However, price movements suggest buyers regrouped at a new support level. This support appears to be holding steady, indicating that the market may be poised to advance further from this point.
Key TAMA Statistics on August 21, 2024:
TAMA’s Price: $0.001550
Tamadoge Market Capitalization: $2,102,248
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: #1515
Price movement in the Tamadoge 4-hour market has been rejected at the $0.001550 price level over the past four sessions. This suggests that buyers may be defending this price level. Trading activity remains below the middle limit of the Bollinger Bands (BB) indicator, but the support at the $0.001550 price level continues to hold.
Additionally, the Stochastic Relative Strength Index (Stochastic RSI) is currently above the 70 mark. Although the indicator lines are converging, the space between them suggests that bullish forces have the potential to prevent a downward move.
Upside Forces in the Tamadoge Market Are Prevailing
Although the last price candle in the TAMA/USDT hourly market is solid red, the base of the current session appears slightly higher than the previous one. This keeps price action close to the middle band of the BB indicator. Similarly, the Stochastic RSI lines have converged for a trend reversal above the 50 mark.
A closer look at the end of these indicator lines suggests that a bullish crossover has already occurred. As a result, this could accelerate price action past the middle limit of the BB indicator, potentially pushing it toward the $0.001800 mark. Traders may want to increase the use of crypto signals having such targets. Meanwhile, this is your last opportunity to dominate this week’s leaderboard! The top-performing #Tamadoge players will secure the largest haul of $TAMA.
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