Cryptocurrency analyst Dan Gambardello has shared his viewpoint on Cardano (ADA) prices developing soon in a new YouTube video. Backed by his conviction in ADA fundamentals and technological progress, Gambardello imparted his bullish signs observed in the ADA’s charts. The possibility of the digital token is further strengthened by billionaire investor Mark Cuban’s involvement as an investor and advisor in Cardano.

Cardano’s Total Value Locked (TVL) is a defining bullish indicator for the crypto, said Gambardello. The analyst believes that it is an indication of the approaching bull market. Additionally, ADA’s daily chart has an inverse head and shoulders pattern which could be a very encouraging sign for the cryptocurrency, according to Gambardello. Likewise, a breakout from the 50-week moving average in the upcoming week may unveil ADA’s future price.

At present, ADA is trading at $0.4392 and has increased by 9.10% over the last day as reported by CoinMarketCap. Although the outcome holds the potential to go either way, Gambardello is optimistic about the ADA's near future. It is imperative, however, to note that readers must establish their own research before making any action. As Coin Edition and its affiliates cannot be held liable for any direct or indirect damages or losses.



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