Analyst Believes Cardano Price Is Ready to Explode to $1.5
Prominent Cardano supporter Dan Gambardello claims that the long-awaited breakneck ADA rally is closer than ever.
Such a bold forecast for ADA was made against the backdrop of Bitcoin setting a new record high. At the same time, Cardano’s market value of $0.7304 is still 76.35% below its 2021 peak of $3.10.
Here the expert drew parallels with Cardano candlestick patterns over the same period. He highlighted that in November 2020, when Bitcoin opened the bull season of the last cycle, ADA was trading at $0.093. At the time, the price of ADA was about 90% below its 2017 all-time high of just over $1.17.
The current price of ADA is 76% below the 2021 ATH of $3.10. And this result of Gambardello, in his opinion, suggests that the dynamics of Cardano are optimal and the crypto asset is not lagging behind, as some members of the community believe.
According to his observations, ADA reflects the pattern of late 2020, so a bullish ADA explosion to $1.5 is not far away.
