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Bulls in the TAMAUSDT market have broken into price regions above the $0.00808 mark. Furthermore, it is revealed that headwinds have reinforced the newfound support, appearing solid, as portrayed by the price candle representing the ongoing session. Consequently, this market may yet witness more upside moves.
Key Tamadoge Statistics on November 11, 2023:
TAMA Price: $0.008080
Tamadoge’s Market Capitalization: $11,256,025
Circulating Supply of Tamadoge: 1,393,353,219
Total Supply of Tamadoge: 2,000,000,000
TAMA Rank on CoinMarketCap: 796
Key Price Levels:
Resistance: $0.008080, $0.008200, and $0.00840
Support: $0.008000, $0.007900, and $0.007800
Tamadoge Has a Favorable Stand for Further Upward Correction
With the TAMAUSDT price action now standing above the $0.008000 price level, this token exhibits the potential to reach even higher marks. Analyzing the Bollinger Bands indicator, the token’s price action appears to have tested and minimally corrected off the uppermost limit of the Bollinger Bands. Consequently, this market now trades above the MA lines of the Bollinger Bands indicator.
Simultaneously, the Moving Average Convergence Divergence (MACD) indicator hints that the upside momentum is strong enough to initiate further upward corrections. This is evident as the bars of this indicator remain green despite minimal downward correction. Consequently, this suggests that buyers in this market still have more fights left in them.
TAMAUSDT Price Action Reaffirms Its Bullish Stand
Examining the Tamadoge 1-hour market, one can clearly observe the ongoing developments. The perceived downward correction had developed over the past two hours. However, this ongoing session seems to have reinstated that there may be no further downward corrections. This deduction is drawn from the appearance of a dashed-shaped price candle for the ongoing trading session.
Similarly, the MACD lines maintain an upside trajectory despite the appearance of a pale green bar above the equilibrium for the ongoing session. Consequently, this token still maintains an upside focus that may see its price break into regions above the $0.008200 price level. Meanwhile, you can participate in the giveaway program for a chance to be one of the lucky winners of the Tamadoge dynamic NFT.
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— TAMADOGE (@Tamadogecoin) November 11, 2023
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