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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.
The Romanian police are raiding Andrew Tate's house.
In unrelated news, you can now short $DADDY on dumpydotfun! pic.twitter.com/b9mTS1mLDT
— dumpy.fun (@dumpydotfun) August 21, 2024
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.
However, if the bearish stance sustains, the price of Daddy Tate could plunge further to the support level at $0.037.
Meanwhile, as the Daddy Tate price plummets, the Crypto All-Stars (STARS) meme coin has blasted past $634k in funds raised in a little more than a week since it launched,
Crypto All-Stars Amasses Over $634K – Best Meme Coin To Buy Now?
Crypto All-Stars is making waves as the world’s first MemeVault Ecosystem, bringing together top meme coins under one roof.
The project is the first in the industry to introduce a platform for multiple meme coin staking, regardless of the blockchain, on a single staking protocol.
What Is Crypto All-Stars?
Crypto All-Stars is set to revolutionize the meme coin sector with its innovative ‘Meme Vault’ platform. 💥
This is more than just another meme coin – it's an entirely new way to interact with the meme coin ecosystem!
— web3telepath (@web3telepath) August 15, 2024
At the heart of Crypto All-Stars is MemeVault, a groundbreaking staking platform for meme coin holders. Users can stake their assets and earn $STARS tokens, fostering a collaborative environment.
The meme coins on Crypto All-Stars include Dogecoin, Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk. More meme coins will be added in the coming months.
You can also buy and stake $STARS for an annual percentage yield (APY) of 2,353%.
According to Jacob Bury, a prominent crypto YouTuber, $STARS could soar 10X after its launch.
STARS is selling for $0.0013966. With a price hike coming in a little more than a day, you should act fast to get the meme coin at the best possible price.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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