
A high-potential crypto, ADA is one of the digital assets that achieves remarkable performance even in the middle of the bear market. Its resilience in a market plagued by many tumults impresses many investors. Particularly concerned about the future of the altcoin, analyst Dan Gambardello announces the imminence of a bullish trend for this cryptocurrency. He recently shared his thoughts on the future of the digital asset with Twitter users.
Many warning signs of an uptrend
A study recently revealed that ADA is experiencing increasing adoption in the United States. According to some analysts, the Cardano native crypto is destined for a bright future despite regulatory clampdowns in the USA. Dan Gambardello is one of those experts who remain optimistic about the future of this cryptocurrency.
In a series of tweets posted on July 4, Mr. Gambardello predicted an uptrend 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 recent SEC lawsuits on its price. During its analysis, the ADA was trading above the MA-20. Dan Gambardello points out that the crypto has been rejected several times by this technical indicator over the past few weeks and concludes that this is a positive sign.
The analyst also considers the fact that the RSI indicator has escaped the extreme oversold zone on the daily over the past week as another sign of impending upside. He predicts that in the event of buying pressure from the bulls, the price of this cryptocurrency could rise to $0.32 over the next week.
A spectacular performance in sight for the ADA?
According to Dan Gambardello, we could see a strong uptrend if ADA manages to break above $0.32. The well-known analyst predicts an 8-9% bullish move for the Cardano native crypto. Gambardello also expects ADA to perform spectacularly during the next bull market.
The analyst predicts that the altcoin will outperform all cryptocurrencies in the next bull market. Confident, he says, “Cardano will outperform again in the next bull market. All caps for people to remember. Save this tweet”.
Cardano’s crypto price is $0.30 at the time of writing. If some experts wonder about the future of the ADA, Dan Gambardello, he remains rather confident and optimistic.
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