Crypto analyst Dan Gamberdello has predicted a significant rise in Cardano's value to $0.90, driven by consolidation and strong technical formation.
Cardano Technical Analysis
Following a 9.7% correction from its November 16 high of $0.8117, analyst Dan Gamberdello identifies this period as a strategic rest. Cardano forms a symmetrical triangle on the 4-hour chart, indicating potential growth.
Social Activity and Network Development
DeFiLlama data shows a substantial increase in Cardano's network TVL, rising by 130% since election day to $457.9 million. Developer activity and social engagement on platform X have also surged.
Cardano's Growth Potential
With a market capitalization of $26.1 billion, Cardano maintains its position among top cryptocurrencies. The combination of technical factors and increased social presence suggests further potential appreciation.
Analysts expect Cardano's price to continue its upward trajectory due to favorable technical and network factors, making it a key focus in the cryptocurrency sphere.
