CandleFocus Top Analyst Says Cardano Could Target $10 After Redistribution Around $1
2024-11-28
Author: Content Editor
The recent achievement of the $1 milestone for Cardano (ADA) is seen as significant progress, especially considering the token's struggles in the past. Analyst Dan Gambardello believes that the ongoing consolidation phase will push ADA towards $5-$10 targets. Despite losing momentum after surpassing $1, the current consolidation period is viewed favorably for redistribution. Other analysts are even more optimistic, forecasting ADA to reach $10-$12 within the next 6 to 12 months. ADA whales have been accumulating the token, holding 3.2 billion ADA tokens as of November 27.
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