Analyst Makes BIG Revelations About Cardano, ETH Price
The post Analyst Makes BIG Revelations About Cardano, ETH Price appeared on BitcoinEthereumNews.com.
Key Insights: Cardano price tests critical support levels around 48-49 cents. Analyst Dan Gambardello identifies Bitcoin’s inverted head and shoulders pattern. Ethereum consolidates at multi-year triangle resistance with institutional flow. Crypto expert Dan Gambardello has recently shared a technical analysis for Cardano price, Bitcoin, and Ethereum during market consolidation. The analyst examines chart patterns and support levels while maintaining a bullish outlook despite short-term price volatility across major cryptocurrencies. So, here we explore where Cardano (ADA) price might be heading, as per Gambardello’s analysis. Bitcoin Forms Inverse Head and Shoulders Pattern Amid Consolidation Dan Gambardello plots a massive inverse head and shoulders pattern formation on the chart of Bitcoin. BTC is also now experiencing a throwback to the neckline area. The analyst monitors Bitcoin’s formation inside this technical framework, noting the completion of the left shoulder and head sections while expecting right shoulder development. Bitcoin price is in a new midterm range established since November and December, and broke all-time old highs, but is still in consolidation territory. The inverse head and shoulders target suggests a macro range of $300,000 to $130,000, and the present midterm setup has the potential to initiate action towards such levels. The analyst is speculating right shoulder formation and noted that Bitcoin may have additional downside to move before it can complete the pattern. The current levels of support are the 20 and 50 moving averages, and Bitcoin is slightly above the 50 at $103,000. The next major level of support is the 200 moving average around $95,000. Gambardello references Bitcoin’s consolidation pattern this cycle and describes it as unlike previous market cycles based on risk model analysis. The higher low Fibonacci range extends from $88,000 to $82,000, though Bitcoin hasn’t reached these levels yet. Cardano Price Tests Support Levels Predicted in April Analysis Gambardello…
Filed under: News - @ June 16, 2025 8:26 pm