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The prevalent upside recovery mood in the crypto market hasn’t left the Tamadoge market behind. This has caused price action to keep rising toward elevated key landmarks. The volatility of price movement in this market suggests that price action may move rapidly through higher price levels as trading activity progresses.
Key TAMA Statistics on August 6, 2024:
TAMA’s Price: $0.001806
Tamadoge Market Capitalization: $2,496,545
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1442
Key Price Levels:
Resistance: $0.002000, $0.002400, and $0.002900
Support: $0.001750, $0.001500, and $0.001250
TAMA/USDT Seems Determined to Keep Rising
Price movement in the Tamadoge 4-hour market has printed a significant amount of upside recovery in the previous session. Also, headwinds have tried to force out the printed profits from buyers’ possession but failed. Meanwhile, a new session has begun, and price action maintains a strong bullish hold on the market.
The last price candle appeared at the close of the one for the previous session. Additionally, although it is a dashed-shaped price candle, it has a green color, which maintains some positivity for price movement. The Stochastic Relative Strength Index (SRSI) indicator lines are still rising upward into the overbought region. This attests to the fact that traders may still want to use crypto signals aiming at higher price levels in this market.
The Tamadoge Market Shows Positive Choppy Characteristics
While TAMA/USDT price action is still below the Exponential Moving Average lines (EMA) on the 4-hour chart, the hourly chart shows that price action has risen past some of these lines. The last price candle here stays green and is now testing the 50-day EMA line. Meanwhile, the SRSI indicator lines can be seen keeping to an upward trajectory, even after a convergence in the overbought region.
This shows that upside forces are still propelling the market. Coupled with the fact that price action is now rising past the EMA lines, upside forces may acquire more bullish momentum toward the $0.002400 mark. Meanwhile, you can nurture your virtual pet in Tamadoge and earn $TAMA as you progress.
Raise your virtual pet in Tamadogi and earn $TAMA along the way. Exciting adventures await! 🐶
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