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Upside forces have been able to hold the market above the psychological support level of $0.001500. Price activity in the market may be below important technical landmarks, but it’s quite impressive that the coin continues to trade above the mentioned level. It seems buyers still have some fight left in them.
Key TAMA Statistics on December 7, 2024:
TAMA Price: $0.001510
Tamadoge Market Capitalization: $2.22M
TAMA Circulating Supply: 1.39B
Tamadoge Total Supply: 10B
Tamadoge CoinMarketCap Rank: 1766
Key Price Levels:
Resistance: $0.001600, $0.001800, $0.002000
Support: $0.001500, $0.001400, $0.001200
A Face-off Occurs Between Price Forces in the TAMA/USDT Market
While the price action has stayed off the $0.001500 support level in the Tamadoge 4-hour market, this hasn’t been without a fight. The previous session projected the market through and above the psychological price level of $0.001500. However, the ongoing session has appeared bearish with a spinning top red price candle. This hints that price forces are locked in a strong battle here.
Meanwhile, the Stochastic Relative Strength Index (RSI) lines are still maintaining an upward trajectory. The distance between the two lines of the indicator suggests healthy volatility and may assist the market through the 20-day Moving Average (MA) line. This will further strengthen bullish convictions in this market.
Tamadoge Market Settles Above a Key Level
Price movement in the TAMA/USDT 1-hour price chart has progressed upwards through more MA lines than in the 4-hour chart. The last price candle here is seated on the 50-day MA line. The mentioned MA line also lies above the 20-day MA curve. This points out that this market has an upward trajectory and as such may progress further.
This is so despite the bearish appearance of the last price candle here. The Stochastic RSI lines still have an upward bearing despite their converged look in the overbought region. This points out that the upside in the market may progress towards the $0.001600 mark at least.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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