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Headwinds have caused TAMA/USD price action to relinquish the support level at $0.01500. However, price action seems to have found a much stronger support level just above $0.01480. Furthermore, it appears that we might see an upside retracement at this point.
Tamadoge Data: June 4, 2023
Tamadoge Value: $0.01483
TAMA Market Cap: $20,899,934
Tamadoge Flowing Supply: 1,025,380,201
TAMA Total Supply: 1,418,004,176
Tamadoge Ranking on CoinMarketCap: 599
Major Price Levels:
Resistance: $0.01450, $0.01500, and $0.01550
Support: $0.01483, $0.01450, and $0.01420
TAMA/USD Touches Down on Firm Support
The TAMA/USD bulls on the 4-hour market have been pushed back, and have relinquished the ground they gained at $0.01500. Nevertheless, it appears that bulls may vent their anger at this point, as they seem to have found a strong foothold. The last price candlestick here has hit the Fibonacci Retracement level of 100, which is the lowest point on this indicator. Also, the Relative Strength Index (RSI) indicator has seized trending downward, to show how strong the reached support is. This seems to suggest that prices may not fall below this point, which seems like a good entry point into this market.
Tamadoge Market Stays Consistent with Positive Indications
Even on the Tamadoge 1-hour market, the last price action seems to have been stopped in its downward path. Here, it could be seen that the last price candle remains above the Fibonacci Retracement level of 100. Even with close observation, it could be seen that prices are already retracting upwards to $0.01484 from $0.01482. Furthermore, there are green histogram bars appearing on the Moving Average Convergence Divergence (MACD) indicator. Consequently, this suggests that buyers may have realized the entry opportunity already. As a result, this may lead to an upside retracement towards $0.01550. Also, get in on the latest news about Tamadoge by watching the video below. Also, you get to know the latest development about Tamadoge by watching the video below.
📢 Weekly update with Tamadoge Community Manager, TamaTom 📢
Hit play to hear Tom give an update on the the latest with the Tama Arcade mobile app 🔥#memecoin #mobilegaming #tamadoge #web3gaming pic.twitter.com/DP5pDZlQA5
— TAMADOGE (@Tamadogecoin) June 2, 2023
Do you want a coin that would 100X in the next few months? That is Tamadoge. Buy TAMA today
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