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The movement of price action in the Tamadoge market suggests that upside forces are making consistent efforts toward reclaiming higher price levels. As price action continues to make higher highs, more traders may re-enter the market if the trend continues. This will then propel the market towards more elevated price levels, as speculated.
Key TAMA Statistics on May 21, 2024:
TAMA’s Price: $0.003550
Tamadoge Market Capitalization: $4,869,536
TAMA’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 1,417,967,396
Tamadoge’s Rank on CoinMarketCap: 1355
Key Price Levels:
Resistance: $0.004200, $0.005200, and $0.006200
Support: $0.003500, $0.002900, and $0.002500
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TAMAUSDT Is Set to Break the $0.003600 Resistance
Price activity in the Tamadoge 4-hour market has surpassed the resistance at the $0.003500 mark. This token now trades at the $0.003550 mark. The mentioned price level falls above the red Guppy Multiple Moving Average (GMMA) lines. Meanwhile, the last price candle here can be seen testing a technical level, which may present a new support level.
The line of the Stochastic Relative Strength Index (SRSI) has reached the overbought region but now has a bearish trajectory. However, the lines of the indicator are very close to each other, hinting that a continuation crossover may occur.
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Tamadoge Upside Hopes Get a Lift
The TAMAUSDT hourly market has offered some hope to bullish market participants. While the previous session saw prices fall below the green lines of the GMMA indicator, the current session indicates that upside forces are resisting further downward corrections. The last price candle on this chart has appeared green above some of the green GMMA lines.
Also, the Moving Average Convergence Divergence (MACD) indicator lines are now above the equilibrium level. Consequently, this reveals that participants can enter the market using crypto signals with targets around the $0.004500 mark. Meanwhile, here is a fun fact: enhance your #Tamadoge NFTs to improve their in-game performance!
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