As Altcoin Price Starts to Move, Analyst Makes Cycle Statement!

Cryptocurrency analyst Dan Gambardello's statements about Cardano (ADA) have attracted attention.

Dan Gambardello discussed Cardano in his X post dated September 11. Cardano (ADA) experienced a remarkable price increase of approximately 8% in the past 1-day period.

The analyst stated that Cardano is in the "I told you so, I should have listened" phase of the 5-phase bull cycle.

ADA's price increased by 7.11% to $0.36 at the time of writing, and has increased by 11.23% in the last seven days.

This price increase was in line with the recovery in the general crypto market and the progress in the Cardano ecosystem, especially with ongoing updates and partnerships.

The cryptocurrency market rose on Thursday morning, influenced by the rally in US technology stocks and gains in Asian stock markets. US inflation figures for August have supported the Fed’s rate cut forecasts in the coming weeks, with core inflation rising above 0.3% faster than expected.

You should have listened to Cardano

According to Gambardello, Cardano is currently in the “I told you so, you should have listened” phase. This suggests that ADA is once again raising the alarms and doubts of market watchers amid weak price action.

Cardano has started to recover after falling to lows of $0.303 on September 6. Since then, ADA has closed in the green for four out of five days. Following this rally, ADA has started trading above the 50-day simple moving average (SMA 50), a level that has been keeping ADA prices under pressure since mid-April.

ADA had attempted to break this barrier in July and August, but the bulls were unsuccessful.