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After price action in the Tamadoge market found new support at the $0.004460 mark, a significant upside rebound occurred, with the market marching through multiple resistance marks. Although price movements have experienced some negative correction, technical indicators suggest that upside forces are still intact.
Key Tamadoge Statistics on February 2, 2024:
TAMA’s Price: $0.004720
Market Capitalization: $6,393,803
Tamadoge’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 2,000,000,000
Tamadoge’s Rank on CoinMarketCap: 1095
Key Price Levels:
Resistance: $0.004720, $0.004850, and $0.005000
Support: $0.004700, $0.004600, and $0.004500
Tamadoge Bulls Finally Re-enter the Market
TAMA/USDT has recorded a significant price surge in today’s trading activity. This seems to be the effect of re-entering traders, bringing significant price movements to the token. In the 4-hour market, it can be seen that price action crossed above the 21-day Moving Average (MA) curve in the previous session. The ongoing session has advanced the market above the MA line, signaling that tailwinds may grow stronger from here on.
Nevertheless, it should be noted that the ongoing session has seen some contractions, considering the appearance of a shadow above the last price candle on the chart. Despite that, the Moving Average Convergence Divergence indicator shows that upside forces are solidly behind buyers, with the indicator lines trending upwards and its bars solidly green.
Tamadoge’s Price Action Tests the $0.004800 Resistance
Coming to the TAMA/USDT hourly market, one can perceive some consistency in price action. Like the way price action crossed above the 21-day line, it has been replicated in this market. While the last price candle stands above the 21-day MA line, the upper shadow of this price candle can be seen piercing its way through the resistance at the $0.004800 mark.
Meanwhile, the MACD lines have also risen past the equilibrium level. The bars of this indicator are solid green, pointing to the possibility of a continued price increase in the coming sessions. Traders can utilize corresponding crypto signals targeting the $0.005000 and $0.005100 marks as targets. Likewise, we’re thrilled to share the exciting news that Tamadoge is making a move to Polygon! Explore the comprehensive details in this thread or join the conversation on our Discord. Stay tuned for the adventure!
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📱 Android: https://t.co/D4TjX7gTFl
📱 iOS: https://t.co/0fjJapf5oA pic.twitter.com/7QrRJ2V98s— TAMADOGE (@Tamadogecoin) January 16, 2024
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