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The Daddy Tate price surged more than 17% over the past 24 hours to trade at $0.1797 as of 5:15 a.m. EST as investors rush to buy the celebrity meme coin.
With this latest increase, the DADDY price is up more than 46% on the weekly timeframe. However, its performance over the past 30 days is still in the red by more than 24%.
The Daddy Tate Price Trying To Overcome A Major Resistance
4-hour chart for DADDY/USD (Source: GeckoTerminal)
The Daddy Tate price is attempting to overcome the resistance level at $0.1798. Should it close a 4-hour candle above this barrier within the next 8 hours, it could have the technical foundation needed to keep climbing. Bulls might subsequently push DADDY to as high as $0.2431 in the short term.
On the other hand, the Daddy Tate price getting rejected by the $0.1798 resistance level could invalidate the bullish thesis. In this alternative scenario, the meme coin might test the immediate support level at $0.1375. Continued sell pressure should the crypto fall to this point could then expose it to the risk of dropping to $0.0980.
Technicals Suggest The Daddy Tate Price Has Strong Bullish Backing
Technical indicators on DADDY’s 4-hour chart suggest the meme coin might have the momentum needed to keep rising through the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.
Firstly, the MACD line is starting to rise towards the MACD Signal line. Traders usually see the current orientation of these two technical indicators combined with the narrowing gap as a sign that a crypto’s bearish phase might be coming to an end. Should these two lines intersect within the next 12 hours, it could signal that DADDY has entered a positive cycle.
Meanwhile, the RSI has broken above the key 50 benchmark throughout the past 24 hours. This could suggest that buyers have gained the upper hand against sellers on DADDY’s 4-hour chart. The current RSI reading also indicates that there is still room for the meme coin to climb before it enters overbought territory.
Should bulls decide to capitalize on this advantage, it might be easier for buyers to push the Daddy Tate price higher in the coming 24 hours than it will be for sellers to pull it down during the same period.
While DADDY tries to overcome the major resistance level at $0.1798, investors are flocking to the layer-2 meme coin Pepe Unchained (PEPU) for potential parabolic gains.
Unleashing The Full Potential Of PEPE
Pepe (PEPE) burst onto the scene in 2023 and has since seen its market cap soar to over $3 billion. Despite this success, the frog-themed meme coin’s potential is restricted by the high fees and slow transaction times native to the Ethereum network.
This is where Pepe Unchained (PEPU) aims to make an impact. With its own layer-2 network, PEPU will introduce a new version of the beloved meme coin that transcends the limitations of the Ethereum network.
Not only will PEPU holders enjoy transaction speeds that are 100 times faster than that of Ethereum, Pepe Unchained will grant investors access to competitive transaction fees as well.
Investors will also be able to instantly bridge their assets between Ethereum and the Pepe Unchained network at near-zero costs.
With its own layer-2 network combined with its appeal to meme coin investors, it is easy to see why popular crypto Youtuber Jacob Bury wondered if PEPU might be the next 10X meme coin.
Extremely High Rewards On Offer To Presale Investors
As if the project’s high level of utility is not enough to have investors excited, the Pepe Unchained team is also offering anyone who buys PEPU during its ongoing ICO stage a lucrative staking opportunity. Presale investors will gain access to a 692% APY.
We've raised $2.5M!
Pepe's blockchain journey is unstoppable. Thank you for the amazing support! 🐸🎉 pic.twitter.com/3tKEG3QsSu
— Pepe Unchained (@pepe_unchained) July 6, 2024
To become eligible for these high rewards, investors can purchase PEPU through the simple buy widget embedded on the project’s website. Selling for $0.0083258, the meme coin can be bought using either ETH, BNB, Tether or bank card.
Anyone looking to purchase PEPU will want to hurry because the token’s price will increase in less than two days.
Purchase and stake PEPU here for up to 692% in annual rewards.
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