Daddy Tate Price Prediction: Andrew Tate Meme Coin DADDY Soars 22% As Experts Say Consider This DOGE 2.0 For 10X Gains
The Daddy Tate price surged 22% over the past 24 hours to trade at $0.08410 as of 04:11 a.m. EST on trading volume that rose 12% to $5 million.
DADDY is now 70% up after it hit its all-time low of $0.04917 on August 5, according to data from GeckoTerminal, and the token is exhibiting signs of a strong uptrend by soaring through higher highs.
This comes as Andrew Tate gears up towards the launch of The Real World (TRW), which he believes will be a lucrative venture for his followers.
Daddy Tate Price Aims For A Continued Bullish Reversal
The Daddy Tate price has been in a sustained downturn since mid-July, as the price fluctuated within the falling channel pattern.
The recent efforts by the bulls have pushed the price of Daddy Tate to trade within the upper boundary of the channel, as they aim for a continued bullish trend reversal from its all-time low.
DADDY now trades above the 50-day SMA, a confirmation of the incoming bullish rally. If this rally sustains, DADDY could overcome the 200-day SMA, which now acts as the immediate resistance level at $0.1189.
Moreover, the Relative Strength Index (RSI) is climbing up towards the 70-overbought region, currently at 61, a signal that the asset is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also hurtling towards the neutral line, a sign that buyers are currently adding to their buying positions. The blue MACD line also trades above the orange signal line, representing a bullish crossover.
With the RSI and MACD indicating that buyers have the upper hand, the price of Daddy Tate may be on a bullish trend reversal, as the bulls aim to push the price above the falling channel pattern. If the momentum continues, the DADDY price could soar to the next target at $0.20.
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.
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