The article discusses the cyclical pattern of price movements observed in Cardano (ADA) and the potential for future recovery based on historical data. Analyst Dan Gambardello breaks down the pattern into five stages, with the current cycle currently at stage three. The previous cycles have seen substantial declines followed by temporary market rallies, which are considered bull traps. However, after these initial declines, Cardano historically undergoes significant growth during broader bull runs in the market. Gambardello speculates that Cardano could enter another bull trap stage before experiencing further price growth. His projections suggest that ADA could reach $15 or $31, leading to market caps of $500 billion or $1 trillion, respectively. However, other analysts, such as Lingrid, point to ADA's recent price consolidation and a doji candle formation on the daily chart as signs of weakness, warning of potential further declines if ADA does not hold above $0.325.



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