Daddy Tate Price Prediction: DADDY Dives 20% As The Crypto All-Stars Presale Blasts Past $600k.
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.
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.
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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