Tamadoge (TAMA) Price Outlook for January 8: TAMAUSDT Price Action Rebounds Off the $0.007000 Baseline

Price action reached a rock bottom at the $0.006820 mark. As a result, the price action has corrected upward. Consequently, the behavior of the price action aligns with the possibility of a more significant rebound since headwinds seem quite exhausted at this point, while bulls seem to have started making their stands.

Key TAMA Statistics on January 8, 2024:
Tamadoge Price: $0.007050
TAMA Market Capitalization: $9,898,672
Tamadoge’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 2,000,000,000
TAMA’s Rank on CoinMarketCap: 936

Key Price Levels:
Resistance: $0.007030, $0.007130, and $0.007280
Support: $0.00700, $0.006900, and $0.006800

TAMAUSDT Bulls Put Their Foot Down on Solid Grounds

In the Tamadoge 4-hour market, it can be seen that price movements have started correcting upwards. It is noticeable that price action had previously pushed the lower limit of the Bollinger Bands indicator, as indicated by the appearance of a lower shadow.

The ongoing session has shown that more buyers are entering the market. This may be due to the fact that traders have placed a re-entry at this supply level, at the $0.006820 mark. However, the Moving Average Convergence Divergence (MACD) indicator lines are still retaining a downward trajectory.

Tamadoge Price Maintains Bullish Optimism

Furthermore, the TAMAUSDT 1-hour market has been keeping up with the delivered bounce off the just-found support at the $0.006820 mark. Considering the price candle representing the previous session, it reveals that buyers have forced prices back upwards. Subsequently, the succeeding sessions have held price movement in the upside direction.

Meanwhile, the ongoing session has further advanced price action, considering the appearance of the last price candle in this market. Likewise, the last MACD indicator bar now appears pale despite its conspicuous body length. Nevertheless, this suggests that upside forces are steadily gaining momentum. As a result, traders may anticipate additional corrections towards the $0.007490 mark. In addition, you can engage in our diverse range of games to accumulate your weekly $TAMA, then amplify your earnings by staking them.

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