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As earlier suspected, upside forces are still bubbling strongly in this market after price action surpassed the $0.007900 threshold. Price action has since then climbed even further, closing in on the $0.008000 mark. Also, there are signs that suggest that upside forces are likely to cause further price increases in this market.
Key Tamadoge Statistics on October 21, 2023:
TAMA Price: $0.007987
TAMA Market Cap: $11,140,367
Circulating Supply of Tamadoge: 1,393,353,219
Total Supply of Tamadoge: 2,000,000,000
Tamadoge CoinMarketCap Ranking: 710
Key Price Levels:
Resistance: $0.007987, $0.008060, and $0.008200
Support: $0.007950, $0.007900, and $0.007850
Tamadoge Price Continues to Climb Higher
Earlier in the Tamadoge 4-hour market, it was suspected that upside forces were mounting. Subsequently, the suspicion was right, and the suspected tailwind has further propelled the price of this token towards higher resistance levels. Here on this chart, the ongoing session has brought prices to support at the $0.007980 mark.
Nevertheless, price action in the market remains close to the $0.008000 mark. Although prices have declined after hitting the Moving Average curve, the Relative Strength Index (RSI) indicator is still pointing into the overbought zone of the indicator. Consequently, this seems to point out that bullish momentum may still initiate further price increases.
TAMA/USDT Seems to Have Already Secured a Significant Support Level
In the TAMA/USDT hourly market, it could be seen that price activities have risen past the MA curve. This has placed this token at a significant support level of $0.007900. Consequently, this suggests that more upside forces may be welcomed above this support level, as more buyers may re-enter the market even at price declines above this support.
Likewise, the Moving Average Convergence Divergence (MACD) indicator lines maintain an upside bearing despite the fact that the bar of the indicator is now pale green. As a result, this points out that Tamadoge’s price may soon trade near the $0.008100 mark. Also, traders should note that on October 25th, 10 million TAMA tokens will be burned. By implication, this may have some profitable implications for holders.
Join us October 25th for a scorching Halloween celebration as we burn 10 Million $TAMA!
We're also burning all revenue we make from in-app purchases of our games 🔥
Try out Tamadoge Arena and add to burn 👇
📱 Android: https://t.co/3PXpfUAM0J
📱 iOS: https://t.co/UN5MlRGh44 pic.twitter.com/wkcAzuD4iA— TAMADOGE (@Tamadogecoin) October 21, 2023
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today
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