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The Tamadoge market has once again rebounded off a key support level. The last time price action hit this level was on February 8. On that occasion, the market subsequently experienced a notable upward retracement. Today, price action has repeated the same pattern. What can we anticipate from the market at this time?
Key TAMA Statistics on February 16, 2025:
TAMA Price: $0.000700
Tamadoge Market Capitalization: $1.26M
TAMA Circulating Supply: 1B
Tamadoge Total Supply: 1.41B
Tamadoge CoinMarketCap Rank: 1987
Key Price Levels:
Resistance: $0.000900, $0.001200, $0.001400
Support: $0.000800, $0.000700, $0.000600
TAMA/USDT Market Prepares for a Notable Upward Rebound
The ongoing session in the Tamadoge market, as of the time of writing, remains positive. However, price action is still below all the Moving Average (MA) lines.
At this point, the Stochastic Relative Strength Index (RSI) lines are rising but remain in the oversold region. If price action gains upward traction and breaks above the 20-day MA line, further upside movement may follow.
Tamadoge Moves Toward the 20-Day MA
On the 1-hour time frame, the Tamadoge market is already rising toward the 20-day MA line. The latest price candle has appeared green and in a dashed shape. However, price action remains below the MA lines. Nevertheless, the corresponding price candle for the ongoing session has lifted off the $0.000700 baseline.
Meanwhile, the Stochastic RSI lines are still in the oversold region, despite price action not moving downward. Traders can anticipate that price action may rise above the 20-day MA, which could help propel prices toward the $0.000800 level. Also, 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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