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Tamadoge traders have rallied behind the bulls and initiated a strong upside rebound. This has seen price action rise from distant support around the $0.006000 mark to above the $0.006890 mark. At the moment, price action closes in on the $0.007000 price mark, while price action seems to possess more upside potential.
Tamadoge Data: August 18, 2023
Tamadoge Price: $0.006905
TAMA Market Cap: $9,525,441
Tamadoge Flowing Supply: 1,393,353,219
TAMA Total Supply: 1,417,967,396
Tamadoge Ranking on CoinMarketCap: 748
Major Price Levels:
Resistance: $0.006905, $0.007000, and $0.007100
Support: $0.006855, $0.006805, and $0.006765
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Tamadoge Buyers Make a Resounding Re-Entry
Price action in the Tamadoge market has started, to rally back towards the price resistance level at the $0.007000 price mark. Technical indicators are still hinting that upside momentum is strong and is likely to cause further price increases in this market. The last price candle here has pushed the token’s price above the 9-day Simple Moving Average (SMA) line.
At this point, the wick of the last price candle here has also started piercing the 21-day SMA curve, as if to test it. Simultaneously, the Stochastic Relative Strength Index (RSI) indicator curves are also ramping steeply upward. By implication, this signals that a strong bullish trend is currently on in this market.
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TAMAUSDT Price Action Advances Further After Crossing a Psychological Price Level
The indications that the TAMAUSDT price may rise significantly continue to strengthen. In the 1-hour market, price action kept rising towards higher price levels, while strong bullish indications continue to emanate from technical indicators. The 9- and 21-day SMA curves are converging below price action for a crossover. Technically, this will strengthen the upside momentum when eventually delivered.
Meanwhile, the RSI indicator curves have indicated that it will continue to rise into the overbought region, considering its bearing following a convergence in the overbought region. Consequently, this hints that price action may retrace the $0.007300 mark. Prepare to be absorbed into the Tamadoge world as the community manager brings you juicy updates on the Tamaverse.
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