Is DADDY Crypto Prepping for a Breakout to a New All-Time High?

The #Daddy crypto price has surged over 7% in the past week to trade at $0.2542 at press time.

However, the DADDY price recorded a slight loss throughout the past day of trading. Nevertheless, the meme coin remains in the green on the longer time frames.

The Daddy Tate price has been in a consolidation phase between $0.1856 and $0.3256 over the past 48 hours. This might be an accumulation period before a strong move. 

If DADDY breaks out to the upside, it might attempt to flip the $0.3256 resistance level into support. The crypto could then have the technical foundation needed to rise to the subsequent barrier at $0.4980 before possibly soaring to a new all-time high.

On the other hand, the Daddy Tate price falling below the $0.1856 support might expose the meme coin to the risk of plummeting in the following 24 hours. In this scenario, DADDY could plunge to as low as $0.0345. #Memecoins #MemeWatch2024 #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.