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Bulls in the Tamadoge market have resiliently defended the support level at the $0.001000 price mark. Consequently, this has kept the market hovering around a favorable technical landmark. Nevertheless, let’s carefully examine price movement in this market in clearer detail below.
Key TAMA Statistics on January 2, 2025:
TAMA Price: $0.001034
Tamadoge Market Capitalization: $1.43M
TAMA Circulating Supply: 1B
Tamadoge Total Supply: 1.41B
Tamadoge CoinMarketCap Rank: 1879
Key Price Levels:
Resistance: $0.001100, $0.001300, $0.001500
Support: $0.001000, $0.000900, $0.000800
TAMA/USDT Seems Coiled Up for a Notable Price Increase
For a while, price action in the Tamadoge 4-hour market has been consolidating above the psychological support level at the $0.001000 price level. Meanwhile, the last price candle on the chart as of the time of writing can be seen appearing as an upright hammer while standing just above the $0.001000 threshold.
Furthermore, the Stochastic Relative Strength Index (RSI) lines are above the 60 mark of the indicator. Although the Stochastic RSI lines are above the 60 and even the 65 level of the indicator, the lines have a slight downward trajectory. However, the lead line of the indicator has a deflection off a straight downward path. Consequently, this hints that upside forces are lurking.
Tamadoge Market Bulls Show Consistency
While moving to a much smaller TAMA/USDT market timeframe, it appears that price activity is already recruiting needed support. This is crucial for price action to regain considerable price increases. The last price candle can be seen appearing clearly like a hammer price candle. Also, the body of the price candle has appeared just above the 50-day MA line.
However, the Stochastic RSI indicator has a downward trajectory following a crossover above the 50-level of the indicator. Nevertheless, considering the appearance of the last price candle on this chart, it seems more likely for price action to extend toward the $0.001200 price level shortly. In addition, 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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