In a video published on his platform X (formerly Twitter), Gambardello said that CardanoADA could go as high as $1.15 and as high as $1.50 during the next rise. He made this statement by highlighting a reversal zone on the weekly chart that was important during the last ADA breakout.
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Crypto analysts claim that the #token is once again near the lower boundary of this reversal zone that occurred before the last #ADA breakout. Meanwhile, a look at the order book shows historically high interest from market participants in the $1.20 price level. Thus, this is another area that could "attract ADA at the upper end of the inversion zone.
The crypto analyst also tried to allay the fears of those who are concerned about the current ADA price performance. He stated that it is "historically normal" for tokens to lag behind #bitcoin when it reaches an all-time high (ATH), and suggested that ADA movement is inevitable based on past cycles. Mr. Gambardello also suggested that "everything is on track" so there is no need to worry No need to worry No need to worry, he insists.
Mr. Gambardello also elaborated on why the ADA has yet to experience a parabolic move. He referred to the bullish 2021, when bitcoin kept hitting new highs from December 2020 to January 2021, while #Cardano lagged during the same period and showed no movement until the end of January 2021.
He also noted that ADA was at 80% of its ATH at that time, but kept falling while bitcoin was rising. However, suddenly the situation changed and "ADA started to rise. " The crypto analyst also reiterated his belief that ADA "will lag behind, but when it finally shifts, it will shift significantly.
Gambardello previously predicted that ADA could rise to $11 in this bull cycle. At the time, he noted that the cryptocurrency token currently has stronger fundamentals compared to previous bull cycles.
At the time of writing, according to CoinMarketCap, ADA has fallen over the past 24 hours and is trading at around $ 0.73.
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