Dan Gambardello, founder of Crypto Capital Venture, is bullish on Cardano (ADA). Gambardello expects ADA to break new price levels as early as January. In this context, Gambardello says ADA will reach $ 2 at an early date based on ‘cycle data’. Moreover, he suggests that it will not stop here and continue to $ 3.
Cardano bull ADA’s path to $ 3!
As you follow from Kriptokoin.com, altcoins have faced hard sales today. ADA, which has recently made a strong debut, also fell below $ 1 in this process. However, experts and analysts predict that the market will continue on its way after consolidating. Gambardello, a Cardano boa, says ADA’s rise to $ 2 will happen faster than the market expects. Based on technical analysis, historical price cycles, upgrades or other macroeconomic factors, he believes that ADA could reach $ 2 in the near term. In this context, Gambardello makes the following statement:
The pumping of Cardano to $2 will probably happen sooner than most people think. And according to cycle data, a return to $3 could realistically happen by 10 January. Since I’m usually a bit early on these things, let’s say 24 January.
This forecast suggests that ADA will reach new price levels within the second week of the first month of 2025. ADA last reached the $ 2021 level set by Gambardello during the bull run in August 3. However, to remain conservative, Gambardello set the timeline for ADA to reach $3 as 24 January. This timeline allows for possible delays in market reaction or Cardano’s momentum to experience a slower than expected price increase.
ADA’s current performance and investor sentiment
Cardano bull Gambardello’s post suggests that ADA will reach the ATH level in the current bull cycle. This price rebound is based on historical trends and the ongoing positive sentiment surrounding ADA in the broader crypto space. This encourages investors to consider buying the asset. However, experts say Gambardello’s bouba stance remains a speculative guess. They state that it is possible that other factors could derail the rise of the Cardano price to new levels.
Meanwhile, ADA saw a notable increase in Open Interest amid its bullish performance YTD. OI figures show that traders have increased their purchases. This is likely to support ADA to reach the new highs projected by Gambardello. However, at the time of writing, the ADA price has fallen 17.32% to $0.9327 in the last 24 hours. Cardano rose $1.15 in early intraday trading before experiencing this decline.
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