TAMA’s Price Skyrockets by Over 6% in Just 24 Hours!

"Crypto Market Takes a Hit Heading into the Weekend, But Some Cryptocurrencies Remain Resilient"

Tamadoge (TAMA) is one of the few cryptocurrencies that saw a green trend in the market, as per the latest data from CoinMarketCap. The global market cap currently stands at $1.21 trillion, after experiencing a 0.36% decrease since yesterday. This has impacted several cryptocurrencies, except TAMA, which is trading at $0.02698, a 6% increase over the last 24 hours. TAMA has also strengthened against the crypto giants Bitcoin (BTC) and Etherem (ETH) by about 7.34% and 7.88%, respectively, in the same period.

Despite TAMA’s successful 24-hour performance, it was unable to push its weekly performance into the green. At present, TAMA is down by 5.42% over the last seven days, but it managed to print a price increase of 0.96% over the last hour alone. The crypto is currently trading above the 9-day-and-20-day EMA lines after breaking above the two lines on 14 April 2023. Since then, TAMA’s price has risen from a low of $0.011700 to a high of $0.038 on 20 April 2023. However, TAMA’s price has retraced slightly from this high to trade at its current level.

TAMA was able to flip two key resistance levels at $0.016040 and $0.021094 into support. Furthermore, the 9-day EMA line is acting as support for the altcoin’s price. Should TAMA close today and tomorrow above the 9-day EMA line, it may make a move towards the next resistance level at $0.03433 in the next 24-48 hours.

It’s important to note that the views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence, and any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Martin Reid

Martin Reid

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