Cardano

Coin

<ul class="news-points"> 
 <li>Analyst Dan Gambardello mentioned in his latest analysis that ADA’s price drop may be coming to an end.</li> 
 <li>The analyst also predicted that ADA could reach a new ATH shortly after the BTC Halving event.</li> 
 <li>Technical indicators suggested that short-term momentum was in favor of sellers at press time.</li> 
</ul> 
The cryptocurrency trader and analyst Dan Gambardello predicted in his latest YouTube <a href="https://www.youtube.com/watch?v=ECNhCnThrhc" target="_blank" rel="nofollow">video</a> that the “worst is over” for <a href="https://coinedition.com/tag/cardano-ada/">Cardano (ADA)</a>, referring to the overwhelming sell pressure that had plagued the altcoin’s charts in the past few months. He did, however, warn that the altcoin may still experience some volatility and sideways trading during the coming months. 
Gambardello’s latest analysis was posted 2 years after ADA reached its all-time high (ATH) of $3.10. The main reason the analyst remains bullish on the altcoin’s prospects is the fact that the Alonzo hard fork event did not play a factor in ADA reaching its ATH back in September of 2021. 
Furthermore, ADA’s DeFi ecosystem has grown exponentially during this bear market. Subsequently, the analyst believes that the project has establishe…
The post <a rel="nofollow" href="https://coinedition.com/ada-fundamentals-suggest-it-could-reach-a-new-ath-analyst/">ADA Fundamentals Suggest It Could Reach a New ATH: Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

ADA Fundamentals Suggest It Could Reach a New ATH: Analyst

Coin Edition

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