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Indications arising from the TAMAUSDT market align with those suggesting a gradual reduction in bearish pressure. It appears that buyers are quietly placing their orders, and as a result, signals from technical indicators are indicating a potential upside price rebound.
Key TAMA Statistics on November 23, 2023:
Tamadoge Price: $0.007780
TAMA Market Capitalization: $11,075,905
Tamadoge’s Circulating Supply: 1,393,353,219
TAMA’s Total Supply: 2,000,000,000
Tamadoge Rank on CoinMarketCap: 816
Key Price Levels:
Resistance: $0.007880, $0.007980, and $0.008080
Support: $0.007780, $0.007680, and $0.007680
The TAMAUSDT Market Prepares an Imminent Upside Rebound
Although the price candle in the Tamadoge 4-hour market is still hugging the lowest limit of the Bollinger Bands indicator, technical indicators reveal that downward forces are gradually losing traction. This is evident through the Moving Average Convergence Divergence (MACD) indicator.
The bars of the mentioned indicator have been consistently appearing pale red, suggesting weakening downward momentum. Also, the MACD lines are attempting to turn slightly sideways, further affirming the weakening downward momentum. Consequently, this gives bulls the upper hand in this market.
Tamadoge Bulls Are on the Rise
The TAMAUSDT 1-hour market suggests that bullish pressure has started mounting. This can be observed through the long green price candle that appeared in the previous session. Likewise, the one for the ongoing session indicates that buyers are still having the upper hand despite the small body size of the price candle representing it. Additionally, the MACD lines are still converging to deliver more bullish momentum to price action.
This suggests more upside forces will be delivered to price movements and may cause a retracement through the $0.008100 mark. Also, you get the chance to earn TAMA tokens as you play the Tamadoge games, and your earnings can be staked to earn even more profits.
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— TAMADOGE (@Tamadogecoin) November 22, 2023
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