CandleFocus Cardano to $10: Analyst Describes How ADA Can Realistically Hit This Target
2025-02-24
Author: Content Editor
Crypto analyst Dan Gambardello believes that Cardano (ADA) has the potential to reach a price of $10 based on historical price patterns, market cycles, and the growth of the Cardano ecosystem. He points out that in the previous bull cycle, ADA surged from a $4 billion–$5 billion market cap to over $100 billion. Gambardello sees a similar setup forming in the current market cycle, with Cardano positioned for another major rally. He identifies bullish indicators such as an inverse head and shoulders pattern on the weekly chart and Cardano's position relative to key moving averages. He also highlights fundamental factors, such as the network's evolution, decentralized governance, and potential inclusion in spot ETFs, as drivers of Cardano's long-term value. Gambardello's target range for Cardano in this cycle is between $5 and $10, with an upper possibility of $14 if momentum accelerates.
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