Tamadoge (TAMA) Price Outlook for January 2: TAMA/USDT Prepares to Reclaim a Key Support Level

Azeez Mustapha


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Amidst thinning volatility, Tamadoge’s price action appears to have initiated a bounce-off support. Subsequently, the price action has started heating up, potentially rising to higher levels and perhaps establishing another support. With the likelihood of returning volatility, this is expected to provide additional momentum to price movements, maximizing profits for bullish traders.

Key TAMA Statistics on January 2, 2024:
Tamadoge Price: $0.008270
TAMA Market Capitalization: $11,537,908
Tamadoge’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 2,000,000,000
TAMA’s Rank on CoinMarketCap: 917

Key Price Levels:
Resistance: $0.008270, $0.008300, and $0.008400
Support: $0.008250, $0.008200, and $0.008100

TAMAUSDT Bulls Are Rising to the Occasion

As volatility in the Tamadoge market continues to contract, buyers seem to have identified robust support for re-entry. This is evident as price action appears to bounce off the support at the $0.008180 mark. However, the last price candle on this chart shows its upper shadow piercing through the middle limit of the Bollinger Bands, indicating that price action rose past that mark but contracted as trading continued.

Nevertheless, the Stochastic Relative Strength Index (RSI) lines maintain a sharp upside orientation, signaling that momentum may drive prices through the resistance formed by the middle band of the Bollinger Bands shortly.

Tamadoge Upside Hopes Stay On

TAMAUSDT price activity on a 1-hour market timeframe has successfully navigated through the middle band of the applied Bollinger Bands indicator. Despite some price declines in the ongoing session, trading activities over the past two sessions still show some profits. Simultaneously, the Moving Average Convergence Divergence (MACD) bars remain solid green in the ongoing session, suggesting that bullish momentum may persist and potentially return the price to a more direct upside path.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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