The Daddy Tate price jumped 40% in the last 24 hours to trade at $0.07672 as of 03:23 a.m. EST. This follows the news of Andrew Tate and his brother being placed under house arrest.
Sharp Rise in Daddy Tate Price
According to GeckoTerminal data, Daddy price overcame the $0.07102 threshold, surpassing the upper boundary of the falling channel pattern. DADDY also overcame the 50-day Simple Moving Average (SMA), indicating a bullish rally. The Relative Strength Index (RSI) trades above the 50-midline level, currently at 61, moving toward the overbought region (70), indicating an ongoing rally. The Moving Average Convergence Divergence (MACD) also climbs above the zero line, signaling an uptrend.
Prospects for Daddy Tate
Daddy Tate price analysis shows that the current bullish trend may continue if bulls remain in control. In this case, DADDY may continue to soar, targeting $0.15. However, if bears take control, the price could plunge to the support zone around $0.045.
Impact of Other Tokens
Meanwhile, investors are also actively buying a new GameFi token on the Solana platform called Mega Dice (DICE), which has amassed over $1.75 million in presale funding. DICE is the native token for the Mega Dice Casino platform with over 11,000 active users. The token also offers staking options for passive income.
The sharp rise in Daddy Tate's price amid the news of Andrew Tate and his brother's house arrest shows significant investor interest. Prospects for further growth remain, but corrections are also possible. Meanwhile, the popularity of other tokens, such as Mega Dice, is also increasing.
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