- Dan Gambardello predicted in his latest analysis that ADA could soar to between $0.70 and $0.75
- According to the post, BTC will need to rise above $39K before ADA’s price can rally
- The analyst backed his bullish thesis by sharing that ADA is not in oversold territory on its weekly chart
The renowned trader and analyst Dan Gambardello predicted in his latest analysis that Cardano (ADA) could rise to as high as $0.70-$0.75 in the medium term. In order for this to happen, the market leader, Bitcoin (BTC), will need to break out first, according to Gambardello.
A Bitcoin Breakout Would Change EVERYTHING! Cardano Holders BUCKLE UP!Intro 00:00
Bitcoin on the daily (resistance) 00:50
Bearish or bullish? 2:50
IF Bitcoin breaks out 4:15
A Bitcoin price fall to be aware of 6:30
Cardano still has room for breakout 7:40
Be CAREFUL with… pic.twitter.com/8ZlcZt2dxE
— Dan Gambardello (@cryptorecruitr) November 24, 2023
The analyst revealed that a key zone to watch for BTC is the $38K – $39K range. According to him, the market leader rising above this region could lead to a strong move for ADA.
To back his bullish outlook for the Ethereum-killer, Gambardello noted that ADA ha…
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