Crypto analyst Dan Gambardello predicts that ADA, the native token of the Cardano network, could reach $1 by the end of the current cycle. Currently, the ADA price has surged by 8.75% over the past seven days.
ADA Growth Prediction
According to crypto analyst Dan Gambardello, ADA is poised for significant growth after undergoing another technical throwback movement. Gambardello expects the token to quickly reach $1 in October.
Technical Analysis
Gambardello noted that ADA has a support level in the range of $0.21 - $0.24. He also highlighted that a retest of these support levels will help push the token's price higher. He shared a chart on the X platform, illustrating the current technical information.
Upcoming Cardano Improvements
Cardano has several key events on the horizon. Among them are the Voltaire updates, the Chang hard fork, and the Cardano constitution. Cardano creator Charles Hoskinson explained that the upcoming update will offer critical governance features for the Cardano ecosystem.
According to the analyst, ADA is in an active growth phase, potentially reaching $1 shortly. Important technological updates for Cardano also positively influence the forecasts.
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