Crypto analyst Dan Gambardello has spotted a developing bullish signal for Cardano (ADA). In a recent video, he pointed to several indicators on ADA’s price charts, explaining why he believes the altcoin is getting ready for a significant bullish trend.
Breakout on ADA Chart
Gambardello first noted a breakout on ADA’s weekly chart with a 'meaningful' target. He believes a massive rally is possible for ADA, despite some negative sentiment in the crypto community towards the decentralized Proof-of-Stake (PoS) blockchain.
Analyst's Opinion
In Gambardello’s opinion, Cardano is one of the best-positioned cryptos among other blue chips. He bases his conclusions on several technical indicators and historical data, indicating bullish divergence and previous successful cycles.
Cardano: Prospects and Future
The Voltaire upgrade, along with the outcomes of the Chang hardfork, creates a favorable environment for ADA's growth. Current price trends in Cardano resemble patterns from the last bullish cycle, instilling optimism for the cryptocurrency's future prospects.
Ahead of the Voltaire upgrade and in light of historical indicators, Cardano (ADA) is flashing bullish signals. While the crypto community may retain some skepticism, analysts like Dan Gambardello remain optimistic about a significant ADA price increase.
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