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Although the price of the Tamadoge token has revisited trading below the $0.0009000 threshold, there are signs that upside forces are hovering in the market. Technical indicators also suggest the possibility of the market rebounding upward to regain traction above the $0.000900 price level.
Key TAMA Statistics on November 4, 2024:
TAMA Price: $0.000892
Tamadoge Market Capitalization: $1.37M
TAMA Circulating Supply: 1,417,967,390
Tamadoge Total Supply: 2,000,000,000
Tamadoge CoinMarketCap Rank: 1741
Key Price Levels:
Resistance: $0.000950, $0.001050, $0.001150
Support: $0.000850, $0.000800, $0.000750
Upside Forces Keep TAMA/USDT Floating Around $0.000900 Threshold
The last price candle in the Tamadoge 4-hour chart appears green. It is a doji-shaped price candle and presents very minimal gains. Nevertheless, the Stochastic Relative Strength Index indicator lines have an upward trajectory. The indicator line is currently journeying towards the 20 mark.
Consequently, this hints at the possibility of prices soon breaking through the price roof at the $0.000900 threshold level. Considering the position of the current price of the token, it appears that the market may proceed significantly upwards should price action resurface above the $0.000900 threshold.
Tamadoge Market May Have Begun the Upward Climb
Price activity in the TAMA/USDT hourly market has begun climbing towards higher price levels. The last doji-shaped price candle can be seen appearing at the opening of the previous bearish price candle. Also, this can be seen happening despite the position of price activity below all the Moving Average (MA) lines.
While one may think lightly of the movement and appearance of the last price candle on the chart, the convergence of the Stochastic RSI lines above the 50 level points at the possibility of upside momentum growing stronger and price increases. Therefore, traders can anticipate that this market will rise past the $0.000900 level to approach the $0.001000 once more. Meanwhile, one can climb 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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