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Recently, Tamadoge price action broke through the price resistance level at the $0.01400 price mark to visit the $0.01450 price mark. But headwinds brought about some downward retracement in this market.
Nevertheless, technical indicators are still showing positive indications about this market. Let’s examine them closely.
TAMA Data: June 23, 2023
Tamadoge Value: $0.01389
TAMA Market Cap: $19M
Tamadoge Flowing Supply: 1,393,353,219
TAMA Total Supply: 1,417,967,396
Tamadoge Ranking on CoinMarketCap: 585
Major Price Levels:
Resistance: $0.01389, $0.01430, and $0.01480
Support: $0.01350, $0.01320, and $0.01300
TAMA/USDT Bulls Are Making a Stand Above a Key Support Level
Despite the minimal setback caused by headwinds in the Tamadoge 4-hour market, buyers are still strong enough to retain a very good support level. This can be perceived as price action staying above the 9- and 21-day Moving Average (MA) lines.
The last price candle in this market can be seen above the 9-day MA curve, even though it is a bearish one. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator 3 has risen far above the equilibrium level, with considerable distance between them.
Consequently, this suggests that traders may not witness more downward corrections in this market.
Tamadoge Is Already Recovering Toward Higher Price Marks
In the TAMA/USDT 4-hour market, it could be seen that a green inverted price candle has appeared on this chart. In addition, careful observation of this candle on the live market will reveal that the body of this price candle is getting bigger.
Consequently, this suggests that upside momentum is still growing in the ongoing trading session. At this point, the last price candle here is now testing the 9-day MA line as resistance. Also, the histogram bars of the MACD are now pale red in appearance, which suggests that headwinds are growing weaker.
Therefore, traders can anticipate that price action will revisit the $0.01450 price mark. Additionally, the Tamadoge Arcade presents a fun-filled Web3 game that everyone should try out.
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