The Tamadoge market recently hit a hard floor, and an upward rebound seems to have resulted. This brought the market back upward steadily. In fact, the market since the previous session started trading above a new technical price level while bringing the token to trade above a key landmark.
Key TAMA Statistics on December 23, 2024:
TAMA Price: $0.001229
Tamadoge Market Capitalization: $1.67M
TAMA Circulating Supply:
Tamadoge Total Supply: 1.41B
Tamadoge CoinMarketCap Rank: 1813
Key Price Levels:
Resistance: $0.001300, $0.001500, $0.001700
Support: $0.001200, $0.001100, $0.001000
TAMA/USDT Buyers Seem Prepared to Retain the $0.001200 Baseline
Price action in the Tamadoge market has been rising steadily upward over the past three sessions. Currently, the token now trades above the 20-day Moving Average (MA) line even as buyers stay in the lead.
In addition, the Stochastic Relative Strength Index (RSI) lines have just delivered an upward crossover at the 50 mark of the indicator. The ensuing lines have an upward trajectory even as the last price candle keeps the token trading above the 20-day MA curve.
The Tamadoge Market Rebounds Off the 20-Day MA
The previous session in the TAMA/USDT market rebounded off the double-important support level. This support level is the 20-day MA line and the psychological support level is at the $0.001200 mark.
As of the time of writing, the last price candle keeps the price of the token above the close of the previous session. At the same time, the RSI lines are converging for a crossover above the 60-threshold level of the indicator. Technically, a bullish crossover is possible, and this will likely propel the market further upwards towards the $0.001500. 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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