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The bulls are back in the TAMA/USD market, and they are fast advancing through multiple resistance levels to reach the $0.01467 price level. At this point, there is a higher possibility that price action will be driven toward higher price marks. Let’s take a closer look at things in this market.
Tamadoge Data: June 8, 2023
Tamadoge Value: $0.01467
TAMA Market Cap: $20M
Tamadoge Flowing Supply: 1,025,380,201
TAMA Total Supply: 1,418,004,176
Tamadoge Ranking on CoinMarketCap: 588
Major Price Levels:
Resistance: $0.01467, $0.01483, and $0.01540
Support: $0.01418, $0.01390, and $0.01370
TAMA/USD Price Charges Toward the $0.01500 Mark from Support at $0.01400
Shortly after TAMA/USD price action tested the support at $0.01400, there was a significant rebound in the upside direction. In the ongoing session, price action made the most of its upside movement, ramping through the $0.014500 mark. Yet indications from trading indicators support additional price increases in this market. An upside crossover has just been delivered on the Stochastic Relative Strength Index (SRSI) indicator. Also, the current price mark can be seen above the 9-day Moving Average curve, and this technically supports additional price increases.
Tamadoge Price Action Prepares Another Upside Course
Yet another session has begun on the Tamadoge 1-hour chart, with buyers ready to take prices higher. Consequently, this has placed the price further above the 9-day MA curve, further strengthening the possibilities of price action rising upwards. Also, SRSI indicator curves are rising very sharply into the overbought region of the indicator. Such a display shows that bullish momentum is strong enough to keep pushing prices higher. With prices now in sight of $0.01500, traders can hope for a retracement of the $0.01550 price mark. Tamadoge users should know that the Tamadoge arcade has been released, and possessing Tamadoge NFTs will essentially boost your gameplay, as this will increase your ability.
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— TAMADOGE (@Tamadogecoin) June 8, 2023
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