Dan Gambardello predicts an imminent uptrend for ADA

Thu 06 Jul 2023 ▪ 3 min of reading ▪ by Luc Jose A.

As a crypto with great potential, ADA is one of those digital assets that perform remarkably well even in the midst of a bear market. Its resilience in a tumultuous market is impressing many investors. Particularly concerned about the future of altcoin, analyst Dan Gambardello predicts an imminent uptrend for this cryptocurrency. He recently shared his thoughts on the future of the digital asset with Twitter users.

The Cardano logo

Numerous signs of an upward trend

A study recently revealed that ADA is experiencing growing adoption in the United States. According to some analysts, Cardano’s native crypto is destined for a bright future despite regulatory crackdowns in the USA. Dan Gambardello is one such expert who remains optimistic about the future of this cryptocurrency.

In a series of tweets published this July 4, Mr. Gambardello predicted a bullish trend for the altcoin. The crypto trader and analyst believes that Cardano’s crypto still has a lot of catching up to do after the impact of the recent SEC lawsuits on its price. During his analysis, ADA was trading above MA-20. Dan Gambardello points out that the crypto has been rejected several times by this technical indicator in recent weeks and concludes that this is a positive sign.

The analyst also sees the fact that the RSI indicator has escaped the extreme oversold zone in daily over the past week as another sign of an imminent rise. He predicts that, in the event of buying pressure from bulls, the price of this cryptocurrency could climb to $0.32 over the next week.

A spectacular performance in sight for ADA?

According to Dan Gambardello, there could be a strong uptrend if ADA breaks through the $0.32 barrier. The renowned analyst predicts an 8-9% uptrend for Cardano’s native crypto. Gambardello also expects ADA to perform spectacularly during the next bull market.

The analyst predicts that the altcoin will outperform all cryptocurrencies during the next bull market. Confidently, he says: “Cardano will outperform again in the next bull market. All caps so people remember. Save this tweet”.

Cardano’s crypto price is $0.30 at the time of writing. While some experts are questioning the future of ADA, Dan Gambardello remains confident and optimistic.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.