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As earlier predicted in the previous write-up about the Tamadoge market, price activity is running northwards. This seems consistent with the previously spotted bullish breakout through a symmetrical triangle pattern drawn to observe the overall market trend in this market.
Key TAMA Statistics on December 14, 2024:
TAMA Price: $0.001601
Tamadoge Market Capitalization: $2.2M
TAMA Circulating Supply: 1.39B
Tamadoge Total Supply: 1.42B
Tamadoge CoinMarketCap Rank: 1756
Key Price Levels:
Resistance: $0.001700, $0.001900, $0.002100
Support: $0.001500, $0.001300, $0.001100
TAMA/USDT Sees a Sustained Price Surge
As well-anticipated, the Tamadoge market has witnessed a massive price surge. This saw the market rise through the $0.001500 resistance and is now testing a breakout through the $0.001600 price threshold level. This token now trades above all the applied Moving Average (MA) curves.
Consequently, this increases the probability of prices progressing higher toward the next psychological resistance price level. At the same time, the Stochastic Relative Strength Index (RSI) lines are also rising convincingly into the overbought region. Therefore, it appears that buyers are likely to remain in the lead in the subsequent sessions.
Tamadoge Buyers Show Determination
Moving the price analysis to a TAMA/USDT 1-hour price chart, it is revealed that upside forces are determined to stay in the lead. This could be seen with buyers swooping in following a sharp price downward retracement in the previous session. Also, price action stays above all the MA lines, as on the 4-hour chart. This portrays some bullish consistency and also suggests that price action may have located new support above the $0.001500 threshold level.
Meanwhile, the Stochastic RSI line has developed a bearish crossover just above the 80 mark of the indicator. However, the lines of the indicator stay above the 70 threshold. Combining this with the fact that prices are above all MA curves and the ongoing session stays bullish, price action may approach the $0.001700 threshold level. In addition, you can still climb higher on the weekly leaderboards and stack up on $TAMA rewards as you battle your way to the top!
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📱 Android: https://t.co/D4TjX7gTFl
📱 iOS: https://t.co/0fjJapf5oA pic.twitter.com/6MCruiKcet— TAMADOGE (@Tamadogecoin) September 13, 2024
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