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TAMAUSDT’s price had ramped up significantly on the 20th of this month. But such an impressive performance soon disturbed a headwind hive near the $0.01000 price mark. However, it appears that market bulls are already working towards changing that narrative given the behavior of price action in this market.
Tamadoge Data: August 21, 2023
TAMA Price: $0.007930
TAMA Market Cap: $11,700,858
Tamadoge Flowing Supply: 1,393,353,219
TAMA Total Supply: 1,417,967,396
TAMA Ranking on CoinMarketCap: 712
Major Price Levels:
Resistance: $0.007930, $0.008000, and $0.008100
Support: $0.007900, $0.007800, and $0.007700
Tamadoge Buyers Found a Sure Footing for an Upside Retracement
Tamadoge price action in the 4-hour market seems to have found strong support around the $0.007900 price mark. This was revealed as the price of this token started gaining upside traction very close to the mentioned price mark. Furthermore, the ongoing session has pushed the token’s price through the resistance constituted by the 9-day Smooth Moving Average (SMA).
Also, the applied Moving Average Convergence Divergence MACD indicator is now indicating that downward forces are subsiding via the appearance of its bars, as they are now pale red. In addition, the lines of the MACD seem to be preparing to remain above the equilibrium level, as they are now turning sideways for an upside crossover.
TAMAUSDT Bulls Are Intentionally in Pursuit of More Price Increases
In the hourly TAMAUSDT market, price action has clearly exceeded the 9- and 21-day SMA curves. In fact, these indicator lines seem to have delivered a bullish crossover below the price action here. Additionally, the MACD indicator lines are also rising upward from below the equilibrium point. The bars of the MACD are also appearing solid green above the equilibrium point, which signals that the tailwind in this market is strong enough to initiate more upside retracements.
Combining this with the fact that price action is favorably positioned against headwinds, traders can target an upside price correction towards the $0.008500 price mark. Also, you should know that Tamadoge is dedicated to bringing the best Web3 gaming experience to its users, as they keep turning out new apps.
We keep bringing you the very best in web3 gaming! Search our new apps, Tamadoge Arcade and Tamadoge Arena, in both the iOS and Google Play stores 😍 pic.twitter.com/zvIl7YbVHg
— TAMADOGE (@Tamadogecoin) August 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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