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The Tamadoge market continues to look healthier as trading activity continues. However, in recent times, the market has retraced to lower price levels after surging through the $0.002000 mark. Price action has revealed that upside forces are ready to halt further downward retracement as the market looks to be shaping up for a strong upside rebound.
Key TAMA Statistics on November 28, 2024:
TAMA Price: $0.001683
Tamadoge Market Capitalization: $2.52M
TAMA Circulating Supply: 1.39B
Tamadoge Total Supply: 1.42B
Tamadoge CoinMarketCap Rank: 1655
Key Price Levels:
Resistance: $0.001800, $0.002000, $0.002200
Support: $0.001600, $0.001400, $0.001200
TAMA/USDT Rebounds Off the 20-Day MA Curve
The last price candle on the Tamadoge 4-hour market has appeared green while standing just above the 20-day MA line. The mentioned price candle aided a recovery from the downward retracement from the previous session.
Also, it points out that upside forces are setting into the market, refocusing price movement. Similarly, the Stochastic Relative Strength Index (RSI) lines can be seen tending toward a bullish crossover in the oversold region. All these sum up to hint that price action is ready to retrace to higher price levels as trading continues.
Tamadoge Market May Soon See a Trend Reversal
Moving to the TAMA/USDT 1-hour market timeframe reveals that the market is in a general upward trajectory. However, it is worth noting that the market is quite volatile, yet upside forces are generally influencing price movement. The last price candle stands just atop the 100-day MA line.
Also, it has placed the price of the token above the 50-day MA line as well. Simultaneously, the lines of the Stochastic RSI can be seen to have taken an upward trajectory following an upward crossover in the oversold region. Consequently, this market seems to be eyeing the $0.001850 as a target in subsequent sessions. In addition, you can still climb higher on the weekly leaderboards and stack up on $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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