CandleFocus Analyst Says Really Nice Cardano Structure to Push ADA to $0.90
2024-11-19
Author: Content Editor
A crypto analyst named Dan Gamberdello has predicted that Cardano (ADA) will break out of its current price pattern and reach $0.90. Despite a recent decline in ADA's price, Gamberdello believes that the cryptocurrency is poised for further upside gains. He points to a bullish symmetrical triangle formation on the ADA/USD chart and suggests that a breakout from this pattern could lead to a 21.6% increase in price. Gamberdello's analysis is supported by other bullish indicators on the Cardano network, such as a doubling of total value locked (TVL) on DeFi platforms and a surge in social media buzz around Cardano. As of now, Cardano is trading at $0.7354 with a market cap of $25.7 billion.
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