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Price action in Tamadoge continues to hover above the technical support level at $0.001000. Furthermore, it appears that buyers are already attempting to establish a higher support level above the aforementioned base. Let’s further examine the market in more detail below.
Key TAMA Statistics on January 3, 2025:
TAMA Price: $0.001030
Tamadoge Market Capitalization: $1.43M
TAMA Circulating Supply: 1B
Tamadoge Total Supply: 1.41B
Tamadoge CoinMarketCap Rank:
Key Price Levels:
Resistance: $0.001100, $0.001300, $0.001500
Support: $0.001000, $0.000900, $0.000800
TAMA/USDT Prepares to Seize a Higher Support Level
Price activity in Tamadoge continues to closely track the 20-day Moving Average (MA) lines. The latest price candle on the chart is red, indicating a bearish close.
However, the presence of a long upper shadow suggests that downward pressure is encountering resistance from buyers. Additionally, the Stochastic Relative Strength Index (RSI) remains above the 70 overbought threshold despite delivering a bearish crossover.
Tamadoge Market Bulls Show Consistency
The TAMA/USDT market exhibits consistent characteristics in both the hourly and 4-hour timeframes. As previously noted, the latest price candle suggests that buying pressure remains present. This holds despite the convergence of some MA lines above the price action. Similarly, the Stochastic RSI lines are still falling towards the oversold region, yet price action is not declining rapidly on the chart.
As it stands, it appears that bullish forces are holding strong and preparing to overcome bearish pressure. If this occurs, the market could rise towards the $0.001200 price level.If this occurs, the market could rise towards the $0.001200 price level. 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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