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From a fundamental point of view, it appears that the Tamadoge market is rising alongside Bitcoin. This opinion originates from the fact that this market has been performing better ever since BTC started on an upward trajectory. At this point, upside forces have also started propelling price action in this market.
Key TAMA Statistics on July 15, 2024:
TAMA’s Price: $0.002199
Tamadoge Market Capitalization: $3,012,217
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1430
Key Price Levels:
Resistance: $0.002500, $0.003000, and $0.003500
Support: $0.002000, $0.001500, and $0.001000
Price movement in the Tamadoge market has found a strong base above the converging lines of the 20- and 50-day Exponential Moving Average (EMA) lines. As a result, price action has rebounded upward off these lines. The last price candle here places the market higher than in the past two sessions, directly above the converging lines of the EMA indicator curve.
Meanwhile, the Stochastic Relative Strength Index (SRSI) shows an upside crossover in the overbought region. Technically, this implies that upside forces are likely to gain more momentum at this point, eventually propelling the market toward higher price levels.
Tamadoge Price Activity Stays Bullish Above the 200-Day EMA Line
The last price candle on this TAMA/USDT 1-hour price chart strongly indicates the strength of upside forces in this market. The appearance of the mentioned price candle suggests that the session isn’t under the influence of downward forces, as it lacks an upper shadow. Meanwhile, the 100- and 200-day EMA lines are converging for a bullish crossover below price activity.
At the same time, the SRSI lines are rising towards the next psychological level of 80. The mentioned lines are currently at 71.77 and 56.13, indicating lagging lines. Consequently, it appears that upside forces have what it takes to hit the $0.002300 or even the $0.002400 price levels. Furthermore, you can kick off your week with #Tamadoge at no cost! Claim your own puppy #NFT at no charge and receive $TAMA rewards for outstanding pet care.
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