Andrew Tate’s DADDY meme coin exploded 108.21% to a $0.077 peak over 16 hours yesterday, though this momentum has since faltered in a 35% pullback.
The rally follows reports that the Tate brothers’ travel ban has been lifted—the controversial influencers have reportedly flown to Florida after being held in Romania since 2022.
This comes after the Trump administration reportedly pressured Romanian authorities last week to remove their travel restrictions.
Andrew Tate DADDY “Global Tour” Back in the Cards: Is Meme Coin Mania Back?
Andrew claimed he would do a “global tour” for the DADDY meme coin in July 2024, but was stopped when a past EU travel ban lift was overturned.
He floated the idea of visiting Tokyo, Dubai, and Miami—despite not being able to leave the EU at the time.
While sentiment toward meme coins remains strong, liquidity has dried up amid recent uncertainties.
As the Bull market matured and wider economic concerns—such as Trump’s “tariff war” and tension with NATO allies—came into play, meme coins have suffered.
If these tour plans resurface, it could drum up meme coin hype on a global scale, inviting a wave of new liquidity and potentially reigniting meme coin mania.
Celebrity meme coins often act as catalysts. Trump family-backed coins like TRUMP and MELANIA fueled the last meme coin wave.
DADDY could be next, especially if the US President continues to engage with the Tate brothers.
DADDY Price Analysis: Pump and Dump or New Uptrend?
As a low cap, DADDY remains highly volatile. It currently finds itself in a discovery phase, discovering new support.
DADDY / USDT 1H chart, new support. Source: Binance.
The surge marks the end of a descending channel that has bound DADDY in consolidation throughout February.
While the breakout initially targeted $0.5235, hype took over and drove the meme coin far beyond that level.
The Relative Strength Index (RSI) spiked to 88, breaching the 70 oversold threshold, leading to an equally sharp correction as buying pressure was exhausted and profit-taking kicked in.
However, selling pressure may be easing. The MACD line is trending upward and appears poised to form a golden cross as it approaches the signal line.
Now more in line with its breakout target, a support trendline has emerged, potentially laying the foundation for another leg up to past resistance.
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