CandleFocus Cardano’s ADA Eyes $1: Bullish Analyst Predicts Surge
2024-09-24
Author: Content Editor
Crypto analyst Dan Gambardello predicts that Cardano's native token, ADA, could reach $1 by the end of the current cycle. Gambardello believes that ADA has a strong technical setup and expects it to have a successful October. He points out that ADA has support levels around $0.21 and $0.24, and a retest of these levels could push the price higher. Cardano has several upcoming milestones, including the Voltaire upgrade and the Chang hard fork, which will introduce advanced governance features. According to CoinMarketCap, ADA's price has seen positive movement in the past 24 hours and 7 days, but has declined in the past 30 days. The Relative Strength Index (RSI) suggests that bulls have control of Cardano, and the accumulation/distribution line indicates increasing accumulation of the cryptocurrency. However, readers are advised to exercise caution and not consider this article as financial advice.
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