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Price activity in the Tamadoge market received a significant boost yesterday, propelling the market through the $0.003000 ceiling. However, subsequent sessions brought some contractions, as the market now appears to be settling above the $0.002800 threshold.
Key TAMA Statistics on June 27, 2024:
TAMA’s Price: $0.002804
Tamadoge Market Capitalization: $3,951,715
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1345
Key Price Levels:
Resistance: $0.003200, $0.004000, and $0.004800
Support: $0.002500, $0.002300, and $0.002000
TAMA/USDT Buyers Regroup at the $0.002800 Mark
Following the most recent price surge in the Tamadoge 4-hour market, headwinds seem to have caused the market to retreat below the $0.003000 threshold. However, buyers seem to be regrouping for another leap through much higher price levels.
This token currently trades above the 20- and 50-day Exponential Moving Average (EMA) lines, which seem to be converging. Meanwhile, the Moving Average Convergence Divergence (MACD) lines are already above the equilibrium level. In addition, the bars of this indicator still appear above the equilibrium level despite the moderate downward correction, hinting that upside forces are lurking.
Tamadoge Buyers Are Making Their Moves Already
While the price of TAMA/USDT has trickled reluctantly towards the support at the 20- and 50-day EMA lines, the 1-hour market time frame has revealed that buyers are already exerting some influence on price movement. The last price candle on the hourly price chart has appeared dashed-shaped and can be seen above the 50, 100, and 200-day EMA lines.
At the same time, the MACD lines are now located above the equilibrium level, with pale red bars. From a technical point of view, it appears that the market has found a baseline level from which upside forces can launch another surge toward the $0.004000 mark. So, market participants can still make use of crypto signals targeting that price level. Also, you may want to know that every player in the Tamaverse earns $TAMA—score higher to win more.
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