For about 24 hours now, price action in the TAMA/USDT market has continued to retrace higher price marks. There have been interruptions along the way, but buyers seem to have been the stringer and have been quick to return price action to its upside path.
TAMA Data: July 1, 2023
Tamadoge Value: $0.01359
TAMA Market Cap: $18,529,097
Tamadoge Flowing Supply: 1,393,353,219 TAMA
TAMA Total Supply: 1,417,967,396
TAMA Ranking on CoinMarketCap: 601
Major Price Levels:
Resistance: $0.01359, $0.01400, and $0.01450
Support: $0.01319, $0.01300, and $0.01260
Tamadoge Buyers Are Taking the Lead in the New Session
A new trading session has begun in the TAMA/USDT 4-hour market, and bulls are already having the upper hand. The last price candlestick on this chart is a green one, which indicates that buyers are overpowering sellers.
Consequently, this seems to have returned prices to their upside path. Also, since price action remains above the 9- and 21-day Moving Average (MA) lines. As a result, it can be inferred that the upside momentum is still up.
TAMA/USDT Price Movement Is Set to Claim Support Above the $0.01360 Price Mark
On the hourly market, TAMA/USDT price action is now testing the price mark of $0.01360. And since the last price candlestick here is positioned above the 21-day MA, it’s possible for buyers to muster up some more buying confidence, which will propel prices above this short-term resistance level.
Additionally, the Average True Range (ATR) indicator holds a fairly optimistic view concerning price movements in this market. It could be seen that the terminating part of the ATR line has changed direction from a slightly downward path to a sideways path.
Consequently, this suggests that price action may be preparing to deliver better performance. Therefore, price action seems well-positioned to extend the upside retracement towards the $0.01400 mark.
In addition, it may prove to be a worthwhile investment to buy and hold some Tamadoge coins since it is a memecoin with utility.
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— TAMADOGE (@Tamadogecoin) June 30, 2023
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