Release: 2024/07/08 18:44 Reading: 651
Daddy Tate Price Surges, Eyeing Further Gains
Over the past 24 hours, the Daddy Tate (DADDY) price has soared over 17%, trading at $0.1797 as of 5:15 a.m. EST, driven by investor interest in this celebrity meme coin.
This recent surge brings DADDY's weekly performance up by 46%. However, over the last 30 days, its price remains down by more than 24%.
Resistance Battle for DADDY
The DADDY price is attempting to overcome the resistance level at $0.1798. If it successfully closes a 4-hour candle above this barrier within the next 8 hours, it could provide the technical foundation for further upward momentum. Bulls may then target DADDY's short-term high of $0.2431.
Conversely, a rejection at the $0.1798 resistance level could invalidate the bullish scenario. This could lead to a test of the immediate support at $0.1375. Continued selling pressure could further expose DADDY to the risk of dropping to $0.0980.
Technical Indicators Point to Bullish Sentiment
Technical indicators on DADDY's 4-hour chart suggest strong bullish backing. The Moving Average Convergence Divergence (MACD) line is rising towards the MACD Signal line, indicating a potential reversal of its bearish phase. Should these lines intersect within the next 12 hours, it could signal a positive cycle for DADDY.
The Relative Strength Index (RSI) has also broken above the 50 benchmark, suggesting that buyers have gained the upper hand on DADDY's 4-hour chart. The current RSI reading indicates room for further gains before entering overbought territory.
PEPE Unchained: A Layer-2 Alternative
While DADDY faces resistance, investors have flocked to the layer-2 meme coin Pepe Unchained (PEPU) for potential parabolic gains.
With its own layer-2 network, PEPU aims to transcend the limitations of the Ethereum network, offering faster transaction speeds and competitive fees. PEPU holders can also bridge their assets between Ethereum and the Pepe Unchained network at minimal cost.
Lucrative Presale Rewards
Pepe Unchained is offering attractive rewards to presale investors. By purchasing PEPU during its ongoing ICO stage, investors can access a 692% APY staking opportunity.
Presale participants can purchase PEPU for $0.0083258 using ETH, BNB, Tether, or bank card. The token's price will increase in less than two days, so interested investors should act promptly.
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