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Upside forces in the Tamadoge market have again defended another elevated price baseline. Price activity in the market recently rebounded off the support level at the $0.002600 mark. The momentum of price movement seems encouraging and hints at the possibility of more gains.
Key TAMA Statistics on June 29, 2024:
TAMA’s Price: $0.002702
Tamadoge Market Capitalization: $3,770,436
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1362
Key Price Levels:
Resistance: $0.003000, $0.003500, and $0.004000
Support: $0.002500, $0.002000, and $0.001500
TAMA/USDT Bulls Are Holding Their Ground Against Headwinds
Buyers have been on top in the Tamadoge market ever since price action rebounded off the support level at the $0.002600 mark. The market saw more significant movement in the ongoing session, which saw the market rise through the 20- and 50-day Exponential Moving Average (EMA) lines.
However, some contractions occurred, and prices had to retract below the EMA lines. Nevertheless, buyers can retain a significant part of their recorded gains. At the same time, the Moving Average Convergence Divergence (MACD) indicator lines can be seen converging for a bullish crossover around the equilibrium level. The last bar on the indicator also affirms the opinion that upside forces may gain more momentum.
The Tamadoge Market Holds Bullish Prospects
While the TAMA/USDT price action seems to have retracted below the 20- and 50-day EMA curves, the 1-hour market timeframe shows that the market is still trading above the 20-day EMA line. Meanwhile, the upper shadow of the last price candle can be seen piercing through all the other EMA lines. Likewise, the MACD indicator lines can be seen on an upside path toward the equilibrium level following a bullish crossover.
Also, the bars of the indicator can now be seen appearing solid green above the centerline. This technically hints that bullish momentum may build up, making using crypto signals targeting the $0.003500 mark more useful. Also, do you adore your Tamadogi? Pamper your furry friend with a delicious treat!
How much do you love your Tamadogi? 🐶
Show it by treating your pet with something yummy 😋
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