Daddy Tate Price Prediction: DADDY Surges 5% As Andrew Tate Faces 10 UK Charges, While Traders Rush To Buy This Solana ICO Before Listing

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Daddy Tate price
Daddy Tate price

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The Daddy Tate price pumped 5% in the last 24 hours to trade at $0.04104 as of 7:23 a.m. EST as traders go long on the crypto. 

The rise in the DADDY price comes as the Crown Prosecution Services (CPS) confirmed for the first time that Andrew Tate and his brother, Tristan Tate, face a combined 21 charges when they return to the UK.

38-year-old influencer Andrew Tate faces 10 charges connected to thee alleged victims, including rape, actual bodily harm, human trafficking and controlling prostitution for gain.

Daddy Tate Price Challenging A Resistance Level

DADDY Chart Image

Daily chart for DADDY/USD (Source: GeckoTerminal)

The Daddy Tate price is attempting to overcome a resistance at $0.04001, according to data from GeckoTerminal. Should the meme coin break above this technical obstacle, it could then try to flip the next resistance at $0.04883 and possibly rise to as high as $0.06022 in the short term if the bullish pressure persists.

However, that bullish thesis might be invalidated if the Daddy Tate price fails to establish a position above the $0.04001 mark within the next 24 hours. In a more bearish scenario, DADDY might end up plunging to the key support at $0.03340.

Traders Might Push The Daddy Tate Price Higher As Technicals Flash Bullish

Looking at technical indicators on the daily chart, there are signs that suggest the Daddy Tate price might continue its climb through the course of the next 24-48 hours.

More specifically, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) show buyers currently have the upper hand.

In the past 48 hours, the MACD line crossed above the MACD Signal line. This technical event is often seen as an indication that a crypto has entered a positive trend. Since the two lines crossed, traders have acted on the signal, resulting in DADDY’s recent rally.

Now, the MACD line is starting to break away above the Signal line as well. This suggests DADDY’s bullish momentum is beginning to pick up steam.

Buyers have also grown substantially stronger in the last 48 hours, as suggested by the rise in RSI readings from deep oversold territory at around 30 to over 50 during this period. With the upward slope of the RSI line, it seems bulls are still growing stronger against their bearish counterparts.

With the growing bullish momentum and increasing buyer strength, the Daddy Tate price might have the backing needed to challenge the $0.04883 resistance soon.

As the DADDY price tries to overcome a key resistance, investors are piling into the presale for Solaxy (SOLX) before it ends in about 18 days. According to influential YouTube channel 99Bitcoins, which has over 723K subscribers, SOLX could soar 10X post-launch.

Solana Will Soon Have Its Own Layer-2

Solaxy is the first layer-2 scaling solution for the Solana ecosystem. It aims to reduce the high levels of congestion in the SOL ecosystem that has resulted in delayed, and sometimes even failed, transactions during periods of peak traffic.

Similar to how layer-2 solutions such as Arbitrum and Optimism help Ethereum scale, Solaxy will process and bundle transactions off of the Solana mainnet. It will then only call on the layer-1 blockchain for final validation. This approach to transaction processing will improve the overall efficiency of the Solana blockchain, and help it process more transactions.

Solaxy tweet

Not only will Solaxy scale Solana, it will also connect the blockchain with the Ethereum network. By connecting these two prominent distributed ledgers, Solaxy will give decentralized app and meme coin developers a new platform to build the next Web3 innovation without having to worry about scalability, security and liquidity restrictions. 

Solaxy’s team has been hard at work, and has already deployed several products even while the SOLX token is still in its presale stage. These products include the Solaxy testnet, its block explorer, the Solaxy bridge on the testnet, as well as a native token terminal. 

All of the product launches have put the project’s team on track to achieve their goal of 10,000 transactions per second for the Solaxy main network.

Investors Rush To Buy SOLX In Presale With Just 18 Days Left

With under 3 weeks left until SOLX makes its debut, time is running out for investors to buy SOLX in presale. So far, over $42.1 million has been pumped into the project at this early stage, signaling strong investor confidence in the project’s future.

Interested investors can buy SOLX for $0.00174 apiece via the widget on the project’s website using either crypto or bank card. Tokens can also be staked for a 96% APY.

Buy before the project’s presale ends in 18 days to join one of the most successful presales of the year.

Check out SOLX.

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