Tamadoge (TAMA) Price Prediction for October 16: TAMAUSDT Establishes Strong Support Above the $0.008400 Mark

Bulls in the Tamadoge market broke through the $0.008200 resistance and have since established new support at a higher price level. Indications also align with the view that buyers may be preparing to re-enter above the $0.008400 mark.

Key TAMA Statistics on October 16, 2023:
Tamadoge Price: $0.008419
TAMA Market Cap: $11,935,637
Circulating Supply of Tamadoge: 1,393,353,219
Total Supply of Tamadoge: 2,000,000,000
Tamadoge CoinMarketCap Ranking: 698

Key Price Levels:
Resistance: $0.008086, $0.008150, and $0.008250
Support: $0.008050, $0.008000, and $0.007900

TAMAUSDT Maintains Its Position Above a Significant Price Level

In the Tamadoge 4-hour market, buyers have displayed impressive performance in recent sessions. This led the token to break above the resistance at the $0.008200 mark, where the market had previously consolidated for some time. As a result, the token now trades above the $0.008410 mark, which is above the Moving Average curve.

Additionally, previous tailwinds in this market have kept the Moving Average Convergence Divergence (MACD) lines above the equilibrium level. Despite the recent downward correction in the last two sessions, the MACD curves remain above the equilibrium level. With a bullish crossover potentially on the horizon, this market could experience further upward corrections.

Tamadoge Remains Active and Promises Upside Potential

In the TAMAUSDT hourly market, we can observe that price action is now above the $0.008420 threshold. This is happening even though price activity is below the MA line. Furthermore, the Relative Strength Index (RSI) lines are generally trending in higher regions of the indicator.

Additionally, the RSI lines are below the 30 level of the indicator, indicating that there is still room for upside momentum. The live market is also exhibiting moderate swings as prices continue to surpass the $0.008420 mark. The increasing volatility suggests that this market may be heading towards the $0.009000 mark. You can also play the Tamadoge Arcade to earn TAMA tokens. Let’s go burst some critters.

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— TAMADOGE (@Tamadogecoin) October 16, 2023

Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today