Cardano

Coin

<ul class="news-points"> 
 <li>Analyst Dan Gambardello predicted in his latest analysis that Cardano’s TVL will most likely boom in the next few months.</li> 
 <li>The trader speculated that ADA has not bottomed out in this bear cycle yet.</li> 
 <li>At press time, ADA was trading at $0.2924 after a 24-hour gain of 3.40%.</li> 
</ul> 
According to <a href="https://www.youtube.com/watch?v=CoMaIgMCP0M" target="_blank" rel="nofollow">crypto trader and analyst</a> Dan Gambradello, there is anticipated exponential growth in the Total Value Locked (TVL) on Cardano in the upcoming months. In his most recent analysis, he observed that Cardano has made significant progress in terms of TVL rankings, climbing from the 30th position earlier this year to the 15th position at present. 
Gambardello also predicted that Cardano’s native crypto, ADA, may be among the top performers in the next bull market. Before this can happen, however, ADA will need to establish its bottom for this bear market. The analyst mentioned in the video that technical indicators suggested the crypto had not bottomed out in this bear cycle yet. 
<div class="wp-block-image"> 
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 <img decoding="async" width="896" height="491" src="https://coinedition.com/wp-content/uploads/2023/07/ada-1221.png" alt="" class="wp-image-306533" srcset="https://coinedition.com/wp-content/uploads/2023/07/ada-1221.png 896w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-300x164.png 300w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-313x172.png 313w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-380x208.png 380w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-768x421.png 768w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-696x381.png 696w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-127x70.png 127w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-159x87.png 159w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-255x140.png 255w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-795x436.png 795w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-440x241.png 440w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-414x227.png 414w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-301x165.png 301w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-377x207.png 377w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-328x180.png 328w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-144x79.png 144w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-123x67.png 123w, https://coinedition.com/wp-content/uploads/2023/07/ada-1221-129x71.png 129w" sizes="(max-width: 896px) 100vw, 896px">
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 6-hour chart for ADA/USD (Source: YouTube)
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From a short-term perspective, Gambardello noted that a wedge chart pattern had formed on ADA’s&nbsp; 6-hour chart — suggesting that a breakout in the next few…
The post <a rel="nofollow" href="https://coinedition.com/cardanos-tvl-may-boom-in-the-next-few-months-analyst/">Cardano’s TVL May Boom in the Next Few Months: Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Cardano’s TVL May Boom in the Next Few Months: Analyst

Coin Edition

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