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Price action in the Tamadoge market has choppily bounced off a visual technical support level. As a result, price action has rapidly recovered from the bearish activity that caused a dip in the market. Let’s delve into more details below.
Key TAMA Statistics on February 3, 2025:
TAMA Price: $0.000935
Tamadoge Market Capitalization: $1.26M
TAMA Circulating Supply: 1B
Tamadoge Total Supply: 1.41B
Tamadoge CoinMarketCap Rank: 1894
Key Price Levels:
Resistance: $0.001000, $0.001200, $0.001400
Support: $0.000900, $0.000800, $0.000700
.001000 Level" width="1453" height="756" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/02/TAMAUSDT_2025-02-03_17-54-11_055541.png"/>
TAMA/USDT Market Progresses Against Bearish Pressure
The ongoing session in the Tamadoge market remains bearish but has contracted significantly upwards. This movement has left the corresponding price candle with a long tail, causing the token to trade above the 61.80% level of the Fibonacci Retracement tool. Similarly, trading activity remains above all the Moving Average (MA) lines.
Additionally, the Stochastic Relative Strength Index (RSI) lines continue to rise sharply into the overbought region. As a result, the leading and lagging lines of this indicator appear widely separated, suggesting increased market volatility. Therefore, if the uptrend continues, this market may still witness considerable upside retracement.
.001000 Level" width="1453" height="756" data-lazy-src="https://learn2.trade/wp-content/uploads/2025/02/TAMAUSDT_2025-02-03_17-54-41_055543.png"/>
Tamadoge Buyers Appear Exhausted
The TAMA/USDT 1-hour market aligns closely with the indicator activities on the 4-hour chart. Here, too, trading activity remains above all the MA lines. Additionally, the last price candle in this session exhibits similar characteristics to the one on the 4-hour chart.
Furthermore, the Stochastic RSI lines are now dragging sideways at the 100 level, indicating potential exhaustion among buyers. Although the market appears to be losing upside momentum, traders may still consider short-term opportunities. As a result, traders can set their targets around the $0.001000 price level. Be that as it may, 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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