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Price action in the TAMA/USDT market seems to have found strong support at the Fibonacci Retracement level of 50. As a result, price action has been able to advance through the $0.01400 mark in a session. Furthermore, from the look of things in this market, higher support may be claimed shortly.
TAMA Data: June 24, 2023
Tamadoge Value: $0.01400
TAMA Market Cap: $19M
Tamadoge Flowing Supply: 1,393,353,219
TAMA Total Supply: 1,417,967,396
Tamadoge Ranking on CoinMarketCap: 592
Major Price Levels:
Resistance: $0.01400, $0.01450, and $0.01500
Support: $0.01380, $0.01350, and $0.01320
TAMA/USDT Bulls Are Making Their Stand Above the Fibonacci Retracement Level 50
The TAMA/USDT price movements in the 4-hour market are revealing that buyers are gaining the needed traction. This will enable them to push prices through the resistance price market above the $0.01400 price level.
The last price candlestick on this market stands just above the 21-day Moving Average (MA) curve, and it has pushed prices above the 9-day MA too. Consequently, this has positioned price movements in this market well for more upside movement.
It can also be seen that the Relative Strength Index (RSI) indicator has delivered a bullish crossover in the oversold zone. Consequently, this implies that price movements stand a better chance of gaining more upward traction.
Tamadoge Maintains a Positive Stand
The 1-hour Tamadoge market seems to give a better insight into how price action has behaved in recent sessions. Here, it could be seen that the price mark had been tested within 4 hours. At this point, the last price candle remains above the two MA curves.
Also, the Moving Average Convergence Divergence (MACD) lines have crossed the threshold at the equilibrium point. These lines are currently moving sideways with considerable distance between them, due to the recent price downward retracement.
However, considering the position of the last price candle, and the fact that a bearish crossover may require more effort, traders can expect a revisit of the $0.01450 price mark. Also, you deserve to know that the Tamadoge Arcade is a great play-to-earn game. You should check it out!
Tell us you’re playing the best play-to-earn game without telling us you’re playing the best play-to-earn game… 👾💸 pic.twitter.com/YcAdaUtWwu
— TAMADOGE (@Tamadogecoin) June 23, 2023
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