The post Cardano Bull Gambardello Says 3 Technical Indicators Confirm Impending “Crazy” ADA Surge appeared on BitcoinEthereumNews.com.

While Cardano underperforms, market pundit Dan Gambardello cites three technical indicators confirming a potential “crazy” surge for ADA, targeting $1 short-term.  Bullish momentum has re-emerged in the crypto market over the last 24 hours, but Cardano (ADA) continues to underwhelm investors. Today, Bitcoin revisited the $71K threshold, allowing close rivals like BNB to break the 2021 all-time high, setting a new peak at $712. Amid this buoyant market, ADA initially posted minimal gains but failed to sustain them. Its price has now retreated to $0.458, one of the lowest values today. While long-term investors remain hopeful, Cardano’s current trajectory does not indicate an imminent move toward the $1 milestone. In March, ADA was on track to hit $1 when it traded at $0.807, but the arrival of Bitcoin bears triggered price corrections from which Cardano has failed to recover, even as Bitcoin has fully rebounded. Despite this, Dan Gambardello remains optimistic about Cardano’s prospects. In his latest analysis, he pinpointed historical trends and technical indicators that affirm that ADA could reach the $1 mark soon. BITCOIN Predicts CRAZY Bull Cycle! CARDANO MOMENTUM Power Shift! Intro 00:00Bitcoin demand off the charts 00:45Over 1 year of Bitcoin bull market left 1:20Cardano is at its starting line 6:30ADA momentum power shift 7:00Cardano back to $1 11:20No guarantees, but so bullish… pic.twitter.com/7PyxVE0ZI6 — Dan Gambardello (@cryptorecruitr) June 4, 2024 Gambardello first acknowledged the frustration around ADA’s price performance. However, he noted that ADA is not the only underwhelming asset, pointing out that the altcoin market, in general, is still in the initial bullish phase.  – Advertisement – With Bitcoin spearheading the charge, Gambardello suggested that Bitcoin’s current setup for the remainder of this bull market mirrors historical patterns that have previously driven altcoins to new highs. He observed that ADA’s current chart is strikingly…

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Filed under: News - @ June 6, 2024 3:24 am