Tamadoge (TAMA) Price Outlook for January 5: TAMAUSDT Reclaims Support Above $0.007840 Mark

Azeez Mustapha


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Tamadoge buyers seem to have regrouped below $0.007840. This has given price action in this market the needed momentum to rise back above the $0.007840 mark. Trading indicators show that prices may keep advancing towards higher marks.

Key TAMA Statistics on January 5, 2024:
Tamadoge Price: $0.007840
TAMA Market Capitalization: $10,910,256
Tamadoge’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 2,000,000,000
TAMA’s Rank on CoinMarketCap: 929

Key Price Levels:
Resistance: $0.007840, $0.007900, and $0.00800
Support: $0.007800, $0.007700, and $0.007600

Tamadoge (TAMA) Price Outlook for January 5: TAMA/USDT Reclaims Support Above $0.007840 Mark


TAMAUSDT Price Action Bounces Off Support Near $0.007600 Mark

Price action in the Tamadoge 4-hour market is now targeting the resistance at $0.007940. This started ever since price action visited the support at $0.007600. Trading indicators, such as the Stochastic Relative Strength Index, point out that bullish momentum isn’t affected.

This is suggested as the lines of this indicator continue to rise upward. Considering the distance of separation between the indicator lines, it appears that volatility is building up. This will likely assist price action in its upside path, propelling it through near and farther price marks.

Tamadoge (TAMA) Price Outlook for January 5: TAMA/USDT Reclaims Support Above $0.007840 Mark


Tamadoge Leaps Towards the $0.007900 Resistance Mark

Moving to the TAMAUSDT hourly market, it can be seen that the earlier perceived volatility may have started manifesting. The last price candle on this chart has further pushed the token’s price above the reclaimed support at $0.007860. Likewise, it can be seen that this is occurring above the middle band of the Bollinger Bands indicator.

This will likely strengthen bullish anticipations as buyers may grow more confident of further price increases in this market. The RSI lines have a downward bearing, but the latter part seems to be turning sideways with respect to the ongoing upside correction. Therefore, traders can expect that prices will increase momentum towards the $0.008000 threshold. Explore limitless earning opportunities within the Tamaverse! Embark on your journey today by exploring our array of games, including Arcade, Arena, and Tamadogi!

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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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