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Since about five trading sessions ago in the TAMA/USDT market, buyers have been making significant gains. This has seen price action resume a significant upside correction. There are more signs in this market that seem to predict that more price increases may be seen in this market.
TAMA Data: July 14, 2023
Tamadoge Value: $0.01126
TAMA Market Cap: $15,640,074
Tamadoge Flowing Supply: 1,393,353,219 TAMA
TAMA Total Supply: 1,417,967,396
TAMA Ranking on CoinMarketCap: 670
Major Price Levels:
Resistance: $0.01126, $0.01186, and $0.01236
Support: $0.01106, $0.01080, and $0.01050
TAMA/USDT Buyers Are Making a Significant Impact on Price Movements
The TAMA/USDT 4-hour chart is revealing that buyers had regrouped near the $0.01105 mark about 6 trading sessions ago. Subsequently, this has led to prices in this market bouncing off the above-mentioned support.
Furthermore, price action has now risen significantly above the crossed 9- and 21-day Moving Average curves. The implication of this is that Tailwind may keep supporting further upside corrections in this market.
Additionally, the upside momentum seems strong, as indicated by the Moving Average Convergence Divergence (MACD) indicator. Consequently, more upside retracements may be witnessed in this market.
Tamadoge Price Seeks to Extend Upside Correction After Bouncing Off Support Around the $0.01120
About four trading sessions ago in the Tamadoge, there occurred a significant price surge that sent the price through the ceiling at the $0.01140 mark. However, this seems to have drawn the attention of short traders, causing a sharp downward correction towards the 9-day MA line.
Nevertheless, buyers were strong enough to snatch control of the price action at this point. In the ongoing session, buyers have been able to advance prices towards higher marks, which has seen prices rise to the $0.01126 mark. At this point, the MACD lines are now above the equilibrium level, while the terminals of these lines now have a slight upside bearing.
Therefore, traders can maintain that price action may soon retrace the $0.01150 Market. Also, you can use your Tamadoge NFTs to extend your life on the Tamadoge Arcade.
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— TAMADOGE (@Tamadogecoin) July 13, 2023
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