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It was earlier observed that price action in the Tamadoge market seemed to have secured another support at the $0.008750 mark. However, price action has since taken off in the upside direction, bringing the token to trade above the $0.008900 threshold. Meanwhile, trading indicators still point to the possibility of the upside correction continuing.
Key Tamadoge Statistics on December 15, 2023:
TAMA Price: $0.008910
Tamadoge Market Capitalization: $12,518,485
TAMA’s Circulating Supply: 1,393,353,219
Tamadoge’s Total Supply: 2,000,000,000
Tamadoge Rank on CoinMarketCap: 869
Key Price Levels:
Resistance: $0.008910, $0.009000, and $0.009100
Support: $0.008900, $0.008800, and $0.008700
Tailwinds Remain Intact in the Tamadoge Market at the $0.008900 Mark
In the previous session in the TAMAUSDT 4-hour market, a considerable upside price correction occurred, taking prices through the $0.008900 mark. The token has since traded above this threshold, even though the ongoing session has brought a moderate downward correction.
Nevertheless, the market remains above the 21-day line as support, suggesting that prices may continue to rise upwards from here. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines keep trending slightly upward, and the indicator bars are still solidly green. By implication, this suggests that bulls are still alive in this market and may trigger more upside corrections.
TAMAUSDT Buyers Are Determined to Defend the $0.008900 Support
Moving from the Tamadoge 4-hour market to a 1-hour market, there seems to be some consistency in technical indications. Here, we see that the latest session has also delivered some downward corrections. However, price action remains above the 21-day MA, just like what we have on the 4-hour market. This is a positive sign. Additionally, the MACD lines are still rising past the equilibrium level undeterred.
The bars of the MACD are still solid green and visible above the equilibrium level. This seems to point out that buyers may have to look past the present downward correction, as a significant price increase towards the $0.009200 mark may occur. Furthermore, we are happy to announce that breeding has officially launched on the Tamadoge Pet Store!
We're pleased to announce Breeding is now live on the Tamadoge Pet Store 👉 https://t.co/loHQ4OPMUd pic.twitter.com/xBfvFckLhi
— TAMADOGE (@Tamadogecoin) December 14, 2023
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today
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