Cardano

Bitcoin

Coin

<ul class="news-points">
 <li>Dan Garmbadello thinks ADA’s pullback yesterday was a good development for the bull market.</li>
 <li>ADA dropped by 25% following Bitcoin’s pullback from a newly established ATH of $69,210.</li>
 <li>According to the analyst, ADA exhibited the same behavior at a similar stage in the last bull cycle.</li>
</ul>
According to Dan Garmbadello, a renowned cryptocurrency analyst, ADA’s pullback yesterday was a good development for investors in the developing bull market. Gambardello made the statement after the Layer-1 blockchain token dropped by 25% following Bitcoin’s drop from a new all-time high (ATH).
<a href="https://coinedition.com/tag/cardano-ada/" rel="noopener noreferrer nofollow">Cardano</a> pulled back after reaching a new yearly high of $0.8, which coincided with the new ATH registered by Bitcoin at $69,210. Bitcoin led the drop, affecting many altcoins in the crypto market, and Garmbadello believes it is a good sign for ADA.
In a recently uploaded <a href="https://twitter.com/cryptorecruitr/status/1765199962717970532" target="_blank" rel="noopener noreferrer nofollow">video</a>, the famous analyst compared ADA’s behavior yesterday to what happened at a similar stage in the last bull cycle. He showed that ADA experienced a sharp pullback almost at the same stage of the bull cycle before rallying significantly.
Meanwhile, Gambardello confirmed the beginning of the bull cycle by s…
The post <a href="https://coinedition.com/cardano-ada-poised-to-thrive-after-crypto-meltdown-says-analyst/" rel="noopener noreferrer nofollow">Cardano (ADA) Poised to Thrive After Crypto Meltdown, Says Analyst</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Cardano (ADA) Poised to Thrive After Crypto Meltdown, Says Analyst

Coin Edition

Other articles published on Mar 6, 2024

Ethereum & Immutable bulls eye DeeStream presale amid BTC halving

Washington’s Crackdown on Tech Exports to China Impacts AMD

Bitcoin ETFs Maintain Market Dominance Despite Volatility

Foot Locker (FL) Beats Q4 Expectations with Non-GAAP EPS of $0.38

XRP’s Market Trajectory: A Tug of War Between Bullish Trends and Whale Activity

$10 Billion Bet: Are Traditional Bitcoin Investors Finally Embracing ETFs?

Join our free newsletter for daily crypto updates!