Daddy Tate Price Prediction: DADDY Dives 20% As The Crypto All-Stars Presale Blasts Past $600k.
The Daddy Tate price dropped 20% in the last 24 hours to trade at $0.05728 as of 00:49 a.m. EST on trading volume that soared 92% to $7.3 million.
The sharp decline comes after police raided Andrew Tate’s residence in Romania. Known for his controversial remarks, Tate faces charges of human trafficking and forming a criminal gang to exploit women sexually.
The raid prompted many to short-sell the meme coin.
Daddy Tate Price Bearish – Can The Price Rebound
The Daddy Tate price has been on a downtrend since mid-July, prompting the current bearish sentiment.
According to data from GeckoTerminal, DADDY is holding up well above the $0.050 support as the bulls aim for a bullish rally to the upside.
To support the bearish prospects, the price of Daddy Tate trades below both the 50-day and 200-day Simple Moving Averages (SMAs), which act as the immediate resistance zones at $0.07182 and $0.0859.
Moreover, the Relative Strength Index (RSI) trades below the 30-oversold level, showing that DADDY is currently under intense selling pressure.
With the RSI crossing below the 30-oversold level, DADDY is now undervalued, which may be a buying signal.
If the bulls start buying, the price of Daddy Tate could rebound from the falling channel, as the bulls target $0.17.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Another Cryptocurrency-critic SEC Member Decides to Resign – Gary Gensler Comments
Following SEC Chairman Gary Gensler’s announcement that he would be stepping down, another cryptocurrency-hating SEC member has decided to leave.
Trump’s Pick for US Treasury Secretary Scott Bessent’s Previous Speeches on Bitcoin (BTC) Revealed
What does Scott Bessent, who will be appointed as US Treasury Secretary by Donald Trump, think about Bitcoin? Here are his previous statements.
Ex-Goldman Sachs Exec Shares Positive Outlook on XRP Amid Legal Challenges
Cardano Hits $1 for the First Time in Two Years, Signaling Strong Market Momentum