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It was previously noted that buyers in the Tamadoge market had regrouped at the $0.001500 mark. At this point, it could be seen that tailwinds developed as soon as price action tested that psychological support level. Afterward, the market quickly retraced to higher levels.
Key TAMA Statistics on August 22, 2024:
TAMA’s Price: $0.001624
Tamadoge Market Capitalization: $2,244,753
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1489
As mentioned above, price activity in the Tamadoge market had earlier tested the support level at the $0.001500 mark. However, as soon as this happened, upside forces quickly developed, suggesting that a significant number of long trades had been positioned around that mark.
As price movement triggered those orders, it created a strong upside correction, propelling the market through the $0.001600 resistance. A new session has begun, and buyers are still in control. Additionally, price activity is now taking place above the middle limit of the Bollinger Bands (BB) indicator, while the Stochastic Relative Strength Index (Stochastic RSI) lines are still trending upwards into the overbought region.
The Tamadoge Market Seems Unpressured
By carefully observing the hourly TAMA/USDT market, we can see that price movement has been progressing smoothly. Additionally, it appears that price action isn’t under much pressure from headwinds, as indicated by the corresponding price candles. The last price candle on the chart has appeared as a dashed-shaped candle, yet it keeps the market on the upward path.
Likewise, the Stochastic RSI indicator lines are now in the overbought region but still maintain a steep upward trajectory. Consequently, bullish participants in this market may still want to use crypto signals aiming at the $0.001750 mark. 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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