Amid cautious market sentiment, Cardano (ADA) continues to hold strong above the $1 mark, fueling bullish predictions from leading market analysts. Dan Gambardello, founder of Crypto Capital Venture, recently shared his optimistic outlook for ADA in a post on X (formerly Twitter).
Gambardello envisions a potential “supercycle” for ADA—a period of sustained upward momentum with limited pullbacks. He predicts that ADA could hit key price milestones of $3, $7, and $14, based on patterns currently visible on the daily chart. “The Cardano milestones of $3, $7, and $14 do not look far at all,” Gambardello stated, reinforcing his confidence in ADA’s long-term potential.
This bullish forecast aligns with ADA’s current price movement. While ADA has seen steady growth over the past month, it is currently consolidating within a range of $1.00 to $1.17, suggesting a period of market stabilization. As of now, ADA is trading at $1.07, down 2.07% in the last 24 hours, according to data from CoinMarketCap.
Gambardello’s supercycle theory suggests that Cardano could be on the brink of a significant price surge, potentially leading to new all-time highs. Investors and traders are closely watching ADA’s next moves, especially as it maintains its footing above the critical $1 support level.
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