Despite concerns of a potential bear market due to Cardano's struggles in recent months, market analyst Dan Gambardello remains optimistic and argues that ADA is setting up for a major breakout. He points out that ADA's retracement follows a pattern similar to previous cycles and highlights the Relative Strength Index (RSI) and moving averages as indicators that the bull market remains intact. Gambardello also discusses the inverse head and shoulders pattern forming on the ADA weekly chart and emphasizes the importance of removing emotional bias to see potential bullish setups more clearly. He mentions major fundamental developments in the Cardano ecosystem, such as the SEC's acknowledgment of Grayscale's application for a Cardano-based ETF, and institutional interest in Cardano growing. Despite ADA's recent price dip, Gambardello personally bought more ADA and believes it presents a good buying opportunity for long-term investors. He sets targets at $7, $10, and $14.2 for ADA.



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