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Tamadoge’s price activity has located another support level. Upon examining the behavior of price action, it appears that the supply level has held up quite well. The ongoing session suggests that upside forces are ready to put up a strong fight at this point.
Key Tamadoge Statistics on May 2, 2024:
TAMA’s Price: $0.004250
Tamadoge Market Capitalization: $5,866,074
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1247
Key Price Levels:
Resistance: $0.004300, $0.004700, and $0.005200
Support: $0.004000, $0.003500, and $0.003000
TAMA/USDT Bulls Find a Strong Footing
The Tamadoge market in the 4-hour time frame seems ready for a considerable recovery. The previous session has yielded some profits off the lowest band of the Bollinger Bands indicator. Meanwhile, the ongoing session has witnessed some tug-of-war between market forces.
However, it appears that upside forces are already making progress despite the red appearance of this price candle. This is evidenced by the fact that the upward force has caused the market to contract upwards, thereby reaping some profits. Simultaneously, we can see that the Relative Strength Index (RSI) indicator lines are now at a bullish crossover, suggesting that the market may gain more momentum. This will make bullish crypto signals usable in this market.
The Tamadoge Market Is Seeking Higher Support Levels
In the TAMA/USDT 1-hour market, more upside moves are being witnessed. The price candles can be seen closing in on the middle band of the Bollinger Bands indicator. Meanwhile, the RSI lines are rising steadily and entering the overbought region. This hints that price movement may soon climb above the middle limit of the Bollinger Bands.
If buyers perceive this as a sign of strength, they may grow more confident to buy into the market. This will further strengthen the upside retracement towards higher price levels, specifically the $0.005000 mark. Also, participate in the weekly #Tamadoge Leaderboard Challenge!
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— TAMADOGE (@Tamadogecoin) May 2, 2024
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