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Although headwinds are trying to fight back against upside forces, it can be seen that price action has made enough progress to accommodate the struggle. As a result, trading activity stays above the previously tested medium-term support at the $0.003223 price level.
Key TAMA Statistics on June 14, 2024:
TAMA’s Price: $0.003379
Tamadoge Market Capitalization: $4,596,835
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1409
Key Price Levels:
Resistance: $0.003500, $0.004000, $0.004500
Support: $0.003000, $0.002500, and $0.002000
TAMA/USDT Maintains Good Prospect
As mentioned earlier, headwinds have fought back against price increases in the Tamadoge market, causing a moderate downward correction. However, the token continues to trade close to the 20-day Exponential Moving Average (EMA) line.
Interestingly, the Moving Average Convergence Divergence (MACD) indicator lines are maintaining their upside trajectory following a bullish crossover below the centerline of the indicator. In addition, a green bar has appeared above the equilibrium level of the MACD, hinting that upside forces are still active in the market and price action can still move upwards in subsequent sessions.
Tamadoge Market Bulls Are Putting Their Foot on the Ground
Price activity in the TAMA/USDT hourly market has revealed that upside forces may have resumed, preparing for another upward thrust in this market. Currently, price action is above the 20-day EMA line. Although the MACD indicator bars are pale green, the lines of the indicator maintain their upside trajectory. The leading line of this indicator is testing the equilibrium level, with the potential to rise past it.
Coupled with the fact that the ongoing session is bullish, this suggests that upside forces may cause the market to rise initially towards $0.003600 and higher price levels in subsequent sessions. This implies that traders can still utilize bullish crypto signals at this point in the market. Also it is announcement the competition returns! And it is time to showcase your talents once more in our newest set of challenges!
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📱 Android: https://t.co/D4TjX7gTFl
📱 iOS: https://t.co/0fjJapf5oA pic.twitter.com/rwdpi6LC2T— TAMADOGE (@Tamadogecoin) June 13, 2024
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