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The Daddy Tate price soared 41% in the last 24 hours to trade at $0.05071 as of 2:40 a.m. EST on trading volume that rose 68% to $4 million.
This surge in the DADDY price comes after reports came that Andrew Tate and his brother Tristan left Romania and are believed to be heading to the US.
Daddy Tate Price Aims For A Sustained Breakout
After hitting the $0.20 level in September 2024, the DADDY price has since been trading on a downtrend within the falling wedge pattern.
However, after hitting the $0.02 level on the daily timeframe, Daddy Tate price bulls seem to have gained control, as the meme coin has now touched the upper boundary of the wedge as it attempts a breakout, GeckoTerminal data shows.
The 50-day Simple Moving Average (SMA) is currently at $0.04686, with the DADDY price trading slightly above it.
This suggests short-term bullish momentum. Additionally, the 200-day SMA, sitting at 0.07908, still acts as a significant resistance level. For a strong bullish confirmation, the price of Daddy Tate needs to reclaim this level.
Meanwhile, the Relative Strength Index (RSI) stands at 62.66, showing increased buying pressure. This indicates that the asset is not yet overbought but has entered bullish territory. If the RSI moves beyond 70, an overbought condition could signal a pullback.
The Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), confirming a bullish crossover. This is often a sign of growing bullish momentum. The histogram has flipped positive as well, suggesting increasing buying pressure.
DADDY Price Prediction
Given the recent breakout from the descending channel and the bullish signals from the RSI and MACD, there is potential for further upside movement.
The key resistance levels to watch are $0.055–$0.06, followed by the 200-day SMA at 0.07908. If buyers sustain momentum and break above this major moving average, the price of DADDY could enter a new uptrend.
However, if the Daddy Tate price fails to hold above the 50-day SMA, a retest of support around $0.04 could occur. For long-term bullish confirmation, DADDY must establish support above the descending channel and break past $0.08.
As the DADDY price surges, investors are shifting focus to a new meme coin called Meme Index (MEMEX). According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 725K subscribers, MEMEX has the potential to be the next 100x crypto.
A Promising Alternative To DADDY
Meme Index simplifies investing in meme coins by offering a diversified index, enabling investors to manage risk in this volatile market. While meme coins can yield high profits through strong community support, their unpredictability often makes individual investments challenging.
The MEMEX token offers four diversified investment baskets: Meme Titan Index, Meme Moonshot Index, Meme Midcap Index, and Meme Frenzy Index. Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk Meme Frenzy, which features emerging and highly volatile meme coins for those seeking high returns while willing to accept high risk.
GET READY TO MOON, DEGENS! Meme Coin Mania is BACK and better than ever! With Solana at the helm, my AI-powered $MEMEX is scanning the markets for the NEXT BIG THING! Stay glued for exclusive alpha, insights, and updates on the hottest meme coins!
— Meme Coin Mania (@MemeCoinMania77) February 5, 2025
Meme Index is currently one of the most promising yet underrated presale opportunities in the meme coin market. The project has already raised over $3.86 million so far, and is steadily gaining attention and traction.
MEMEX holders can also participate in the project’s presale staking pool, which currently provides a stratospheric annual yield of 588%.
You can purchase MEMEX tokens on the official website for just $0.0166218.
Visit the Meme Index website here.
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