{"id":597298,"date":"2024-03-11T22:00:27","date_gmt":"2024-03-11T22:00:27","guid":{"rendered":"https:\/\/ktsl888.com\/?p=597298"},"modified":"2024-03-11T12:32:38","modified_gmt":"2024-03-11T12:32:38","slug":"cardano-price-about-to-explode","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/cardano\/cardano-price-about-to-explode\/","title":{"rendered":"Cardano Price About To Explode: Crypto Pundit Reveals Next Target"},"content":{"rendered":"<p><a href=\"https:\/\/ktsl888.com\/analysis\/ada\/cardano-ada-price-to-11\/#:~:text=According%20to%20him%2C%20this%20is,the%20next%20Bitcoin%20Halving%20event.\"><span style=\"font-weight: 400\">Dan Gambardello<\/span><\/a><span style=\"font-weight: 400\">, the founder of Crypto Capital Venture, has provided a bullish analysis of the current price action of Cardano (ADA). The crypto analyst also dispelled the notion that <\/span><a href=\"https:\/\/bitcoinist.com\/cardano-sell-all-their-ada\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">ADA won\u2019t perform well<\/span><\/a><span style=\"font-weight: 400\"> in this <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-bull-market-glassnode\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">bull cycle<\/span><\/a><span style=\"font-weight: 400\">, noting that the crypto token is where it is meant to be before it takes off.\u00a0<\/span><\/p>\n<h2>Where Cardano Is Headed<\/h2>\n<p><span style=\"font-weight: 400\">Gambardello mentioned in a <\/span><a href=\"https:\/\/x.com\/cryptorecruitr\/status\/52146708?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">video<\/span><\/a><span style=\"font-weight: 400\"> posted on his X (formerly Twitter) platform that CardanoADA could rise to $1.15 and as high as $1.50 in its <\/span><a href=\"https:\/\/ktsl888.com\/news\/cardano\/cardano-future-very-bullish\/#:~:text=2024%20Could%20Be%20Another%20Breakout%20Year%20For%20Cardano&amp;text=After%20that%2C%20things%20began%20to,and%20enjoy%20a%20parabolic%20move.\"><span style=\"font-weight: 400\">next move to the upside<\/span><\/a><span style=\"font-weight: 400\">. He made this statement while highlighting a reversal zone on the weekly chart, which was critical the last time<\/span><a href=\"https:\/\/ktsl888.com\/news\/cardano\/crypto-analyst-predicts-parabolic-rally-for-cardano-heres-the-timeline\/\"><span style=\"font-weight: 400\"> ADA made a breakout<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/crypto-whales-bet-big-on-link-is-chainlink-the-next-bitcoin\/\">Crypto Whales Bet Big On LINK \u2013 Is Chainlink The Next Bitcoin?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The crypto analyst claimed that the token is again at the lower end of this reversal zone, which happened before ADA broke out the last time. Meanwhile, looking at the order book, he revealed that there is <\/span><a href=\"https:\/\/bitcoinist.com\/crypto-analyst-predicts-1300-for-cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">historically<\/span><\/a><span style=\"font-weight: 400\"> a lot of interest and market participants at the $1.20 price level. As such, it is another area that could act as a \u201cmagnet for ADA at the upper end of the reversal zone.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">The crypto analyst also tried to allay the fears of those worried about ADA\u2019s current price action. He stated that the token lagging while Bitcoin is <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-all-time-countries\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">hitting new all-time highs<\/span><\/a><span style=\"font-weight: 400\"> (ATHs) is \u201chistorically normal\u201d and suggested that a move was imminent for ADA based on data from past cycles. Gambardello further asserted that \u201cthings are on pace,\u201d so there is no need to be worried.\u00a0<\/span><\/p>\n<h2>An Explanation For ADA\u2019s Current Price Action<\/h2>\n<p><span style=\"font-weight: 400\">Gambardello also elaborated on why ADA has yet to experience any parabolic move. He alluded to the <\/span><a href=\"https:\/\/bitcoinist.com\/rewards-2021-bitcoin-bull-buyers-finally-break-even\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">2021 bull run<\/span><\/a><span style=\"font-weight: 400\"> when Bitcoin <\/span><a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-price-crash-10-69000\/\"><span style=\"font-weight: 400\">kept hitting new highs<\/span><\/a><span style=\"font-weight: 400\"> between December 2020 and January 2021, while Cardano lept lagging during this same period and didn\u2019t make any move until later in January 2021.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/dogecoin-shiba-inu-pepe-explode\/\">Crypto Expert Says Dogecoin, Shiba Inu, PEPE, Others Are About To Explode<\/a><\/div>\n<p><span style=\"font-weight: 400\">He added that ADA was 80% from its ATH back then before it made its move and even kept declining while Bitcoin was on a surge. However, that changed all of a sudden as \u201cADA went crazy to the upside.\u201d The crypto analyst went on to reaffirm his belief that ADA \u201cdoes lag, but when it finally moves, it really moves very strongly.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Gambardello had <\/span><a href=\"https:\/\/ktsl888.com\/analysis\/ada\/cardano-ada-price-to-11\/#:~:text=According%20to%20him%2C%20this%20is,the%20next%20Bitcoin%20Halving%20event.\"><span style=\"font-weight: 400\">previously predicted<\/span><\/a><span style=\"font-weight: 400\"> that ADA could rise to as high as $11 in this bull cycle. Back then, he noted that the crypto token now has more robust <\/span><a href=\"https:\/\/ktsl888.com\/news\/cardano\/cardano-is-10-possible\/\"><span style=\"font-weight: 400\">fundamentals<\/span><\/a><span style=\"font-weight: 400\"> compared to the last bull run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, ADA is trading at around $0.73, down in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/a8zP104s\/\" alt=\"Cardano price chart from Tradingview.com\" width=\"3286\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">ADA price at $0.739 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">ADAUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Swyftx Learn, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dan Gambardello, the founder of Crypto Capital Venture, has provided a bullish analysis of the current price action of Cardano (ADA). The crypto analyst also dispelled the notion that ADA won\u2019t perform well in this bull cycle, noting that the crypto token is where it is meant to be before it takes off.\u00a0 Where Cardano Is Headed Gambardello mentioned in a video posted on his X (formerly Twitter) platform that CardanoADA could rise to $1.15 and as high as $1.50 in its next move to the upside. He made this statement while highlighting a reversal zone on the weekly chart, which was critical the last time ADA made a breakout.\u00a0 Related Reading: Crypto Whales Bet Big On LINK \u2013 Is Chainlink The Next Bitcoin? The crypto analyst claimed that the token is again at the lower end of this reversal zone, which happened before ADA broke out the last time. Meanwhile, looking at the order book, he revealed that there is historically a lot of interest and market participants at the $1.20 price level. As such, it is another area that could act as a \u201cmagnet for ADA at the upper end of the reversal zone.\u201d The crypto analyst also tried to allay the fears of those worried about ADA\u2019s current price action. He stated that the token lagging while Bitcoin is hitting new all-time highs (ATHs) is \u201chistorically normal\u201d and suggested that a move was imminent for ADA based on data from past cycles. Gambardello further asserted that \u201cthings are on pace,\u201d so there is no need to be worried.\u00a0 An Explanation For ADA\u2019s Current Price Action Gambardello also elaborated on why ADA has yet to experience any parabolic move. He alluded to the 2021 bull run when Bitcoin kept hitting new highs between December 2020 and January 2021, while Cardano lept lagging during this same period and didn\u2019t make any move until later in January 2021.\u00a0 Related Reading: Crypto Expert Says Dogecoin, Shiba Inu, PEPE, Others Are About To Explode He added that ADA was 80% from its ATH back then before it made its move and even kept declining while Bitcoin was on a surge. However, that changed all of a sudden as \u201cADA went crazy to the upside.\u201d The crypto analyst went on to reaffirm his belief that ADA \u201cdoes lag, but when it finally moves, it really moves very strongly.\u201d Gambardello had previously predicted that ADA could rise to as high as $11 in this bull cycle. Back then, he noted that the crypto token now has more robust fundamentals compared to the last bull run.\u00a0 At the time of writing, ADA is trading at around $0.73, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 ADA price at $0.739 | Source: ADAUSD on Tradingview.com Featured image from Swyftx Learn, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":597319,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,89347,86092,14643,79508,12332,89230,12329,16230,6664,14690],"class_list":["post-597298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-ada-news","tag-ada-price-prediction","tag-adausd","tag-adausdt","tag-cardano","tag-cardano-news","tag-cardano-price","tag-cardano-price-prediction","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\n<title>Cardano Price About To Explode: Crypto Pundit Reveals Next Target<\/title>\n<meta name=\"description\" content=\"Dan Gambardello, the founder of Crypto Capital Venture, has provided a bullish analysis of the current price action of Cardano (ADA).\" \/>\n<meta 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Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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