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The Tamadoge token has sustained an impressive bull run, successfully breaking through the earlier speculated resistance mark. The market has now surpassed a three-month high and exhibits potential for further upward movement.
Key Tamadoge Statistics on December 8, 2023:
TAMA Price: $0.009570
Tamadoge Market Capitalization: $12,862,731
TAMA’s Circulating Supply: 1,393,353,219
Tamadoge’s Total Supply: 2,000,000,000
Tamadoge Rank on CoinMarketCap: 852
Key Price Levels:
Resistance: $0.009570, $0.009600, and $0.009700
Support: $0.009500, $0.009400, and $0.009300
TAMAUSDT Breaks Through $0.009500 Resistance and Persists
As previously speculated, bulls in the Tamadoge market have successfully breached the resistance at the $0.009500 mark. With the token now closing in on the $0.009600 mark, technical indicators support the view that it may surpass this resistance as well.
The current session’s price candle appears significantly longer than recent ones, extending beyond the Bollinger Bands indicator. Despite the substantial price increase, the Moving Average Convergence Divergence (MACD) indicator has just delivered a bullish crossover above the equilibrium level. The first bar has appeared above the equilibrium level, indicating ongoing momentum that may lead to further price increases.
Tamadoge Bulls Maintain Focus on Higher Targets
Expanding the TAMAUSDT price analysis to an hourly market reveals consistent gains by bulls since the previous session. Similar to the 4-hour market, the token continues to trade outside the limits of the Bollinger Bands indicator, affirming hyper bullish characteristics. The MACD lines are still ascending, with the indicator bars visible above the equilibrium level.
Although signs of struggle appear in the ongoing session, with a longer upper shadow on the last price candle, technical indicators do not fully reflect this. Therefore, a retracement through the $0.009850 mark seems plausible. Additionally, it’s noteworthy that Tamadoge will launch a new product on the 14th of this month, inviting speculation about its nature.
Our next product launch is Thursday 14th December 🐶🐶
What will it be? Take a guess in the comments 🐶🐶 pic.twitter.com/MU125yNeMe
— TAMADOGE (@Tamadogecoin) December 8, 2023
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today
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