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Price action in the Tamadoge market bounced off solid ground. Moreover, the market has risen significantly and is on the verge of making a substantial recovery. At this point, price action has both the necessary volatility and technical indications to support quick movement through multiple resistance levels.
Key TAMA Statistics on August 27, 2024:
TAMA’s Price: $0.000990
Tamadoge Market Capitalization: $1,281,469
TAMA’s Circulating Supply: 1,417,967,396
TAMA’s Total Supply: 2,000,000,000
Tamadoge’s Rank on CoinMarketCap: 1660
Price activity in the Tamadoge 4-hour market gained strong bullish momentum as soon as it hit the support at the $0.000835 mark. Price action in the market moved rapidly upwards and seems to have encountered headwinds. Consequently, this led to a moderate downward retracement.
Meanwhile, the appearance of the last price candle on the chart suggests that upside forces are mounting resistance in the session against downward corrections. Similarly, the Stochastic Relative Strength Index (Stochastic RSI) indicator lines maintain a steep upward trajectory.
Bullish Potential Remains in the Tamadoge Market
Price activity in the TAMA/USDT market in the 1-hour time frame has risen above the middle limit of the BB indicator. However, a downward retracement occurred, which brought the market below the uppermost limit of the BB indicator curves. Nevertheless, the token continues to trade above the middle limit of the BB indicator.
Also, the indicator itself now has a slightly upward trajectory, indicating the prevailing trend in the market. The Stochastic RSI indicator lines are above the 60 level. Additionally, the lines of this indicator suggest that an upward crossover may occur, which will strengthen upside forces through the $0.001000 mark. Also, you can join the Tamadoge Pursuit! Start now with 20 free credits. Race your way through, dodge obstacles, gather bones, and accumulate your $TAMA rewards!
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