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Following the earlier price surge in the Tamadoge market, it’s evident that headwinds were triggered, resulting in a moderate downward correction. Nevertheless, this token continues to trade above a notable support level, and studying the trading pattern in this market suggests a potential bullish breakout.
Key TAMA Statistics on December 30, 2023:
Tamadige Price: $0.008340
TAMA Market Capitalization: $11,599,031
Tamadoge’ Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 2,000,000,000
TAMA’s Rank on CoinMarketCap: 903
Key Price Levels:
Resistance: $0.008340, $0.008400, and $0.008500
Support: $0.008300, $0.008200, and $0.008100
TAMAUSDT Bulls Are Initiating a Positive Contraction
Headwinds caused a moderate downward correction in the Tamadoge 4-hour market. Nevertheless, it can be seen that price action is contracting towards the bull side of the market. The last price candle in this market has a longer lower shadow than the upper one, and the body of this candle has contracted significantly.
This has kept trading activities above the middle limit of the Bollinger Bands indicator. The bars of the Moving Average Convergence Divergence (MACD) remain above the equilibrium point, despite their pale appearance. Also, the last price candle is now testing the upper limit of the falling triangle on this chart, supporting the opinion of a possible upside breakout soon.
Tamadoge Upside Promise Stays On
The applied Bollinger Bands indicator on the TAMAUSDT 1-hour market now has an upside-tilted bearing. Likewise, an inverted hammer price candle has appeared just above the floor of the falling triangle pattern on this chart. This suggests that the predicted bullish breakout may soon be realized.
Furthermore, the leading line of the Stochastic Relative Strength Index indicator (RSI) has reached deep into the oversold region and is now bent sideways, indicating a potential bullish crossover. This is expected to provide upside thrust to the market, possibly pushing prices through the $0.008600 mark. Also, while the inclusion of croissants in the TAMA game by the developers might be a bit puzzling, rest assured, we’re capitalizing on it for engaging social media content.
Look, we'll be honest, we're not sure why the devs put croissants into the game – but we will milk it for social content.
Feed your virtual dog a croissant 🇫🇷
Download Tamadogi today 👇
📱 Android: https://t.co/WMzdqcg5XN
📱 iOS: https://t.co/74nF2hAOwd pic.twitter.com/XIxPt0vDSk— TAMADOGE (@Tamadogecoin) December 29, 2023
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today
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