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Tamadoge buyers have shown strong resilience against downward forces as they have recovered control of price movements. This could be observed as price action corrected off the support at the $0.01000 level. As a result, this seems to have placed price movements on course towards more elevated price marks.
Tamadoge Data: September 5, 2023
TAMA Price: $0.01025
Tamadoge Market Cap: $14,731,493
TAMA Flowing Supply: 1,393,353,219
Tamadoge Total Supply: 2,000,000,000
TAMA Ranking on CoinMarketCap: 642
Major Price Levels:
Resistance: $0.01024, $0.01100, and $0.01150
Support: $0.01000, $0.009900, and $0.009800
TAMAUSDT Seems Set to Challenge a Nearby Resistance at $0.01050
Due to the effect of downward forces, Tamadoge experienced some downward correction, causing it to revisit the support at $0.01000. However, it could be seen that this visited support is strong, as an upward correction occurred off it.
Additionally, the appearance of a long green price candle for the ongoing session seems to have landed a strong blow on the downward force in this market. This could be observed as the last MACD indicator bar arrived pale red and of reduced length in the negative axis. As a result, this points out that more upside corrections may be witnessed shortly.
Tamadoge Upside Hopes Continue to Strengthen
Indications from the 1-hour TAMAUSDT market suggest that more upside corrections may be witnessed. Another session has begun, and from the look of the last price candle here, it could still be assumed that buyers have a good grip on price movements. Also, market activity is now occurring above the 9- and 21-day lines. Consequently, this brings price action to focus on extending the correction towards $0.01050.
Additionally, the MACD indicator lines are now smoothly rising toward the equilibrium level, while the histogram bars continue to grow taller. As a result, this further strengthens the hopes that the upside correction may extend toward the $0.01150 mark. Also, traders of this cryptocurrency should note that the token’s price pool is increasing, and Tamadoge Arena players can earn their share of it.
The prize pool for Tamadoge Arena keeps on rising 🤑
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📱 Android: https://t.co/INCaGendE4
📱 iOS: https://t.co/Fj9tT5Oicu pic.twitter.com/gYGPGhMnkg— TAMADOGE (@Tamadogecoin) September 4, 2023
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