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Price activity in the Tamadoge market has been facing headwinds. However, buyers have been fighting valiantly and have been able to soak up the pressure. Albeit market participants seem to be preparing for re-entry at the eyed key support at the $0.000800 price level.
Key TAMA Statistics on January 9, 2025:
TAMA Price: $0.0008100
Tamadoge Market Capitalization: $1.13M
TAMA Circulating Supply: 1B
Tamadoge Total Supply: 1.41B
Tamadoge CoinMarketCap Rank: 1982
Key Price Levels:
Resistance: $0.001000, $0.001250, $0.001500
Support: $0.000800, $0.000700, $0.000600
TAMA/USDT Buyers Pick a New Re-entry Point
Price activity in the past three sessions in the Tamadoge 4-hour market has revealed that buyers have fought back against downward forces over the past sessions. However, given the position of price action below all the Moving Average (MA) lines, it appears that bears are at their strongest.
Meanwhile, the Stochastic Relative Strength Index (RSI) indicator ribbons are still generally projected upwards. The lead line only has a slight deflection on it to portray the recorded downward retracement. Therefore, it seems that the $0.000800 mark might be a very good re-entry point in this market.
A Rebound at a Key Support of $0.000800 Mark Seems Likely
Price activity in the TAMA/USDT 1-hour market suggests that regrouping is already taking place in the market. The last price candle on the chart has started appearing green. This indicates that buyers are starting to pick up interest in the market. Nevertheless, price action remains below all the MA lines, and the downward trajectory of the RSI indicator stays intact.
These portray the dominance of downward forces above the crucial $0.000800 price level. Be that as it may, the market seems likely to gain significant traction at the $0.000800 support level, and should the upward rebound bring the market above the $0.000850 or $0.000870 mark, we may see stronger rebounds. While that is ongoing, 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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