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Buyers have had a significant impact on the Tamadoge market within a short time. This could be seen as the token’s price soared through multiple resistance levels within a short period of time. Also, technical indicators maintain optimism that the market may progress further northward as trading activities continue. Let’s take a closer look at the market, shall we?
Key Tamadoge Statistics on March 2, 2024:
Tamadoge’s Price: $0.006600
TAMA Market Capitalization: $7,907,625
TAMA’s Circulating Supply: 1,393,353,219
Tamadoge’s Total Supply: 1,417,967,396
TAMA’s Rank on CoinMarketCap: 1129
Key Price Levels:
Resistance: $0.006600, $0.006700, and $0.006800
Support: $0.006500, $0.006400, and $0.006300
Tamadoge Price Action Seems Determined to Keep Hitting Higher Marks
In the TAMAUSDT 4-hour market, it could be seen that price action has seen a significant upside movement. This occurred in the previous session, and there was a moderately opposite reaction to that. Yet, the token continues to trade above the uppermost limit of the Bollinger Bands.
Furthermore, the Moving Average Convergence Divergence (MACD) indicator suggests that bulls are still in control of price movement. This is demonstrated as the lines of this indicator continue to rise upwards through the equilibrium level. Also, the bars of this indicator continue to appear solid green above the equilibrium level, and this suggests that headwinds may persist in the market.
TAMAUSDT Recovers from Downward Correction
Extending this price analysis to a Tamadoge market of 1 hour, it could be seen that buyers utilized the downward correction as an entry point. This could be seen as price action quickly bounced back from the previous dip. Consequently, the token keeps trading outside the uppermost limit of the Bollinger Bands.
Likewise, the MACD lines continue to trend upward above the equilibrium level. Meanwhile, the bars of this indicator are still growing taller while appearing solid green above the equilibrium level. Consequently, this shows that traders can still use bullish crypto signals targeting the $0.00700 mark in this market. In addition, you can eplore the excitement of our no-cost Tamagotchi-inspired application, where you can accumulate $TAMA tokens while nurturing your very own endearing virtual companion!
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📱 Android: https://t.co/RfZIZOLaNJ
📱 iOS: https://t.co/du3iReizS4 pic.twitter.com/gFxppuh3sI— TAMADOGE (@Tamadogecoin) February 29, 2024
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