Tamadoge (TAMA) Price Outlook for January 23: Tamadoge Bulls Are Bursting Out As Expected

As earlier noted, price activity in the Tamadoge market is fast gaining bullish traction. This saw the market break through the psychological resistance at the $0.0006000 price level. The market currently seems to be approaching the $0.0006500 price level.

Key TAMA Statistics on January 23, 2025:

TAMA Price: $0.000584

Tamadoge Market Capitalization: $1.29M

TAMA Circulating Supply: 1B

Tamadoge Total Supply: 1.41B

Tamadoge CoinMarketCap Rank: 2061

Key Price Levels:

Resistance: $0.0007000, $0.0009000, $0.001100

Support: $0.0005500, $0.0004500, $0.0003500

TAMA/USDT Runs Through the 20-Day MA Curve

Price action in the Tamadoge 4-hour market has surpassed the resistance constituted by the 20-day Moving Average (MA) line. Also, the price candle representing the ongoing session suggests that upside forces reign dominant. The last price candle on the chart is still green despite coming under the influence of downward forces.

As a result, downward forces have not only caused the price candle to contract but maintained the opinion that buyers are outperforming sellers. Even the Stochastic Relative Strength Index (RSI) indicator lines are now tending sideways as a result of the influence of the bullish gain that has become more dominant in the ongoing session.

Tamadoge Remains Buoyant Despite Headwind Activity

By extending the TAMA/USDT price analysis to the 1-hour market, one can see that price activity has risen past both the 20- and 50-day MA lines. The last price candle here has appeared red but stays above the mentioned MA lines, and at a considerable distance too. Meanwhile, the Stochastic RSI lines are also in the overbought region.

Also, the lines themselves are still converged for a crossover, but the position of the lines of this indicator is still above the 80 level of the indicator. Technically, this suggests that price action can still gain bullish momentum. Therefore, traders can stay positive towards the $0.000700 price level. 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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— TAMADOGE (@Tamadogecoin) September 13, 2024

Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today