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Buyers have re-entered the TAMAUSDT market with significant force. This has put the token back on track towards revisiting the $0.009000 price mark. Let’s take a more technical look at this market for clearer insights.
Tamadoge Data: August 29, 2023
Tamadoge Price: $0.008393
TAMA Market Cap: $11,526,575
Tamadoge Flowing Supply: 1,393,353,219
TAMA Total Supply: 2,000,000,000
TAMA Ranking on CoinMarketCap: 709
Major Price Levels:
Resistance: $0.008393, $0.008455, and $0.008600
Support: $0.008350, $0.008300, and $0.008250
Tamadoge Price Action Charges Towards the 0.008500 Mark
As earlier mentioned, price action in the TAMAUSDT 4-hour market makes a strong recovery from the effect of headwinds. This saw the token recoup all the lost ground and set a new upside course. The mentioned stronger correction occurred when price action broke through the support level at the $0.008000 mark. The subsequent behavior of price action suggests that buyers may have besieged that price mark.
Now, price action is preparing to break another key resistance level at the Fibonacci Retracement level of 50 while above the 21-day SMA curve. Breaking through the resistance formed by the Fibonacci Retracement will prove important as it will supply more bullish impetus to this market, and the Moving Average Convergence Divergence (MACD) seems to be pointing out that such is possible at this point.
TAMAUSDT Bulls Are Advancing the Upside Retracement Towards the $0.008500 Mark
The behavior of price action in the Tamadoge 1-hour market suggests that buyers are relentless in pursuit of higher price marks. In this market, price action has risen past the 9- and 21-day SMAs. Meanwhile, the mentioned indicator lines have just delivered a bullish crossover below the price action. Additionally, the bars of the MACD continue to appear on the positive side of the MACD.
The line of the MACD continues to hint that the price trend in this market is gaining momentum and seems to be maintaining good form at this point in time. Therefore, it appears that price action is on its way towards the $0.008600 mark shortly. Also, you should know that Tamadoge will be launching some new products in the coming weeks.
Happy Monday Tama Army! We've got a ton of product launches coming your way over the next few weeks. We'll reveal the first launch this week so stay tuned for updates 🎉 pic.twitter.com/kp75w2S1SZ
— TAMADOGE (@Tamadogecoin) August 28, 2023
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today.
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