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Following the price upside rally in the TAMAUSDT market, headwinds were triggered, and price action was pushed back to lower support levels. Nevertheless, it appears that buyers are now rising to the challenge and seem ready to continue pushing prices higher in this market.
Tamadoge Data: August 25, 2023
Tamadoge Price: $0.007794
TAMA Market Cap: $10,718,794
Tamadoge Flowing Supply: 1,393,353,219
TAMA Total Supply: 1,417,967,396
TAMA Ranking on CoinMarketCap: 730
Major Price Levels:
Resistance: $0.007794, $0.007850, and $0.007950
Support: $0.007750, $0.007700, and $0.007750
Buyers Are Stabilizing the Tamadoge Market Near the $0.007800 Mark
Price action in the TAMAUSDT appears to have stabilized in the buyer’s zone of the market, all thanks to re-entering traders, who seem to have regrouped just below the $0.007800 price mark. The last price candle here suggests that price action has started challenging the resistance level at the 61.80 Fibonacci Retracement level.
Simultaneously, the lines of the Stochastic Relative Strength Index (RSI) indicator are now attempting a bullish crossover deep in the oversold region. With the appearance of the last green price candle on this chart, it could be implied that more upside traction may set into this market henceforth.
TAMAUSDT Price Action Is Fast Gaining Upside Momentum
The Tamadoge 1-hour price chart shows that buyers may have secured strong support for further price increases. Here, the last price candle can be seen sitting just atop the 9-day Smooth Moving Average (SMA) indicator curve.
Meanwhile, this price candle is green in appearance, which indicates that buyers are leading in the session. The RSI indicator curves can now be seen rising out of the oversold region. Consequently, this is hinting that bullish momentum is increasing, which will supply more buying confidence to entering traders. Therefore, the price of this token may rise towards the $0.008500 mark. In addition, don’t forget that you can download either the Android or iOS Tamadoge Arena application.
Don’t forget you can download the Tamadoge Arena app on both iOS & Android 🎉
📱 Android: https://t.co/INCaGendE4
📱 iOS: https://t.co/Fj9tT5Oicu
Download and earn $TAMA now! pic.twitter.com/piIcc7cMl5— TAMADOGE (@Tamadogecoin) August 24, 2023
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today.
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