Cardano (ADA) draws attention once again with promising signs of an imminent bull run. Dan Gambardello, a highly respected analyst and Cardano enthusiast, shared encouraging insights into ADA’s growth potential.
According to their recent analysis, a notable pattern on Cardano’s chart suggests that we are on the verge of witnessing an unprecedented rise in the value of ADA, similar to that seen before its bull run in 2020.
In the last 24 hours, Cardano surprised the market with a significant price jump, rising from a low of $0.6641 to reach $0.7640. This 15% increase in a single day not only caught the attention of investors but also marked an impressive 25% weekly growth, taking ADA’s price from $0.5854 to new heights. Trading volume exceeded $1.3 billion, reinforcing market participants’ growing confidence in the cryptocurrency.
At the time of publication, the price of ADA was quoted at US$0.7345 with an increase of 7% in the last 24 hours.
Gambardello highlighted a specific technical indicator that refers to Cardano’s trajectory in December 2020, a period that preceded a strong wave of appreciation. “The bullish pattern we observed at the end of 2020 is forming again, following a recent boost in the price of ADA,” said Gambardello. He also pointed to the need for a continued upward movement as a condition for confirming this positive signal, indicating that such a trend could pave the way to new all-time highs for Cardano.
While Gambardello’s analysis is based on technical and historical patterns, his optimism regarding Cardano’s future is shared by many within the cryptocurrency community. The expectation is that if the right conditions materialize, ADA could enter a phase of accelerated growth, similar to what has been witnessed on previous occasions.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/cardano-se-prepara-para-decolar-indicadores-sugerem-proxima-bull-run/
