TAMA’s Price Sees 6+% Price Increase Over The Last 24 Hours

Heading into the weekend, the total crypto market cap took a bit of a knock, according to the crypto market tracking website CoinMarketCap. At press time, the global market cap stands at $1.21 trillion after a 0.36% decrease since yesterday. Consequently, many cryptocurrencies felt the effect of this, but this is not the case for Tamadoge (TAMA).

Today, TAMA is one of the few cryptocurrencies trading at the green. Currently the altcoin is trading hands at $0.02698 after a price increase of more than 6% over the last 24 hours. This allowed the crypto to also strengthen against the crypto giants Bitcoin (BTC) and Etherem (ETH) by about 7.34% and 7.88% respectively over this time period.

TAMA’s 24-hour performance, albeit successful, was unable to push its weekly performance into the green. At press time, TAMA is down 5.42% over the last seven days. The crypto was, however, able to print a price increase of 0.96% over the last hour alone.

Daily chart for TAMA/USDT (Source: TradingView)

TAMA is currently still 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.

Nevertheless, the price of TAMA was able to flip two key resistance levels at $0.016040 and $0.021094 into support. Furthermore, the 9-day EMA line is also 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.

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