Tamadoge (TAMA) Price Outlook for February 8: TAMA/USDT Retracing to Higher Grounds
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Tamadoge (TAMA) Price Outlook for February 8: TAMA/USDT Retracing to Higher Grounds

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Azeez Mustapha

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As price action in the Tamadoge market appears to have found strong support at the $0.004460 mark, optimism is beginning to emerge. Price action is now rising through significant technical levels, potentially unleashing further upward momentum in the market.

Key Tamadoge Statistics on February 8, 2024:
TAMA’s Price: $0.004820
Tamadoge’s Market Capitalization: $6,502,385
Tamadoge’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 2,000,000,000
Tamadoge’s Rank on CoinMarketCap: 1089

Key Price Levels:
Resistance: $0.004820, $0.004900, and $0.005000
Support: $0.004800, $0.004700, and $0.004600

Tamadoge (TAMA) Price Outlook for February 8: TAMA/USDT Retracing to Higher Grounds

 

Tamadoge Is Aiming for the $0.005000 Mark

In the TAMA/USDT 4-hour market, there has been a moderate upward push. This began in the previous session when price action attempted to test the support at the $0.004460 mark. A significant rebound occurred, and the current session has extended that trend.

Further moves are likely as price action continues to rise above the Guppy Multiple Moving Average (GMMA) lines. The crossing of these indicator lines indicates further potential upward movement. Additionally, the Relative Strength Index (RSI) indicator has undergone a bullish crossover above the 50 mark, suggesting the potential for higher prices.

Tamadoge (TAMA) Price Outlook for February 8: TAMA/USDT Retracing to Higher Grounds

TAMAUSDT Buyers Rally Behind Bullish Sentiment

In the 1-hour Tamadoge market, price action has risen above the GMMA lines. The last price candle appears solid green and is positioned above the GMMA lines as well. Furthermore, the Moving Average Convergence Divergence (MACD) lines are above the equilibrium level and steadily rising. The bars of the MACD indicator are progressively taller above the equilibrium level.

Overall, these technical observations suggest that traders should consider holding onto crypto signals targeting the $0.005000 mark. Additionally, @okx pledges full support for the upcoming $TAMA token migration initiative. Scheduled for February 7th at 2:00 am UTC, TAMA deposits and withdrawals will be temporarily suspended, although $TAMA trading activities will remain unaffected.

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