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The Tamadoge market had previously fallen below the $0.000800 threshold level in a recent trading session. However, this dip was short-lived as buyers quickly stepped in to commence buying. Consequently, the token has now returned to trading above the $0.000800 level as of the time of writing.
Key TAMA Statistics on January 16, 2025:
TAMA Price: $0.000800
Tamadoge Market Capitalization: $1.11M
TAMA Circulating Supply: 1B
Tamadoge Total Supply: 1.41B
Tamadoge CoinMarketCap Rank: 2009
Key Price Levels:
Resistance: $0.001000, $0.001250, $0.001500
Support: $0.000800, $0.000700, $0.000600
TAMA/USDT Market Continues to Surpass Important Levels
The Tamadoge market, on a 4-hour chart, has recovered significantly after falling below the $0.000800 threshold. As of the time of writing, the token now trades at $0.000831. Additionally, price action has risen above the 20- and 50-day Moving Average (MA) lines.
Moreover, although the corresponding price candle for the ongoing session appears as a dashed-shaped green candle, its position above two out of four MA lines suggests the possibility of the market reaching higher levels. The Stochastic Relative Strength Index (RSI) lines remain in the overbought region, aligning with the likelihood that upside forces may drive further gains.
Tamadoge Buyers Keep Mounting Pressure
By extending the scope of the TAMA/USDT price analysis to an hourly chart, it becomes clear that buyers are making quick progress past important technical landmarks. Here, price action has risen above three out of four MA lines on the chart. Furthermore, the latest price candle remains green, though it reflects only minimal gains.
Additionally, the Stochastic RSI lines continue to rise into the overbought region. Meanwhile, the 20-day and 100-day MA lines seem to be approaching a crossover below price activity. Should this crossover occur, the market could potentially reach the $0.000850 mark and beyond. Meanwhile, 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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