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Price activity in the Tamadoge market has been spiking ever since the Bitcoin market began rising toward the $100K mark. However, headwinds have promptly acted to push the market downward, leading to contractions. Despite this, it can be seen that bullish forces have managed to hold their ground. Currently, the market is sustaining above key levels that may support further upward movement.
Key TAMA Statistics: May 10, 2025
TAMA Price: $0.0004443
Market Capitalization: $644.12K
Circulating Supply: 1B
Total Supply: 1.41B
CoinMarketCap Rank: 2128
Key Price Levels
Resistance: $0.0004700, $0.0005000, $0.0005250
Support: $0.0004000, $0.0003500, $0.0003000
Tamadoge Bulls Are Reacting to Headwinds
The Tamadoge market appears to be recovering quickly from setbacks. This is likely due to traders viewing downward retracements as opportunities to enter the market at lower price points. The most recent price candle is red, suggesting a slight dip.
However, the candle has a short body, indicating that bullish forces are resisting the bearish pressure. The lines of the Moving Average Convergence Divergence (MACD) indicator are trending above the equilibrium level. Additionally, the histogram bars are also above the equilibrium line, further indicating positive market sentiment.
TAMA/USDT Rebounds Off the $0.0004400 Price Level
An extension of the Tamadoge price analysis to the 1-hour chart shows that price action appears to have found a solid base for a rebound. This conclusion is drawn from the fact that, after testing support at the $0.0004400 level, the market rebounded moderately in the following session.
Moreover, price activity has remained above the middle band of the Bollinger Bands, which is often a bullish signal. The MACD lines also remain above the equilibrium level, although a recent downward crossover has occurred. This crossover likely results from the recent bearish retracement. Nonetheless, the ongoing session offers renewed hope for bullish continuation, with a potential target around the $0.0005000 resistance level. Also, you can still climb higher on the weekly leaderboards and stack up $TAMA rewards as you battle your way to the top!
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📱 Android: https://t.co/D4TjX7gTFl
📱 iOS: https://t.co/0fjJapf5oA pic.twitter.com/6MCruiKcet— TAMADOGE (@Tamadogecoin) September 13, 2024
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