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Market forces in the Tamadoge market have gained a good foothold after price action corrected off the support at the $0.003600 mark. The market has taken an upside path ever since and is now making its way toward a psychological resistance level.
Key TAMA Statistics on May 18, 2024:
TAMA’s Price: $0.003890
Tamadoge Market Capitalization: $5,374,146
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1315
Key Price Levels:
Resistance: $0.004000, $0.005000, and $0.006000
Support: $0.003600, $0.003000, and $0.002400
TAMAUSDT Buyers Are Optimistic
The Tamadoge market has continued to trend upwards following the most recent rebound that occurred above the $0.003600 mark. This has resulted in the market surpassing the intercalating lines of the Guppy Multiple Moving Average (GMMA) indicator. However, the price candle represented by the last ongoing sesion has faced rejection, causing a minor downward correction.
Nevertheless, the market remains largely on an upward path. The Moving Average Convergence Divergence (MACD) curve is generally still rising towards the equilibrium level. Meanwhile, the leading line of this indicator has a minor deflection due to the recorded minor downward correction.
Tamadoge Price Action Rebounds Off the GMMA Lines
In the TAMAUSDT 1-hour market, it can be seen that price action has rebounded off the GMMA indicator lines. The last price candle here can be seen rebounding upwards as soon as it tested the support formed by the red GMMA lines. As a result, we can see that the rebound has initiated a bullish crossover on the Stochastic Relative Strength Index (SRSI) indicator.
Summing this up with the seen rebound above the GMMA indicator lines, it could be anticipated that the upside correction will likely progress further upwards. This implies that traders can set trades using crypto signals targeting price levels around the $0.004500 mark. Meanwhile, you can rise to the top and score big wins! Join the #Tamadoge games and claim your position on the leaderboards.
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