- Dan Gambardello shared in an X post yesterday that ADA could realistically reach $11.
- At press time, ADA’s price was down 1.24% and stood at $0.5599.
- Short-term technical indicators for ADA suggest it may correct to $0.45 in the coming couple of days.
The popular cryptocurrency trader and analyst Dan Gambardello shared in an X (formerly Twitter) post yesterday that Cardano (ADA) could reach $11. In the post, he added that this price target is “a very realistic figure.”
$11 Cardano is a very realistic figure for bull market high based on new data I just discovered.Video later explaining why.
— Dan Gambardello (@cryptorecruitr) December 12, 2023
Although the analyst has a positive outlook towards ADA, the cryptocurrency’s price has dropped over the past 24 hours. Data from the cryptocurrency market tracking website CoinMarketCap indicated that ADA was down 1.24% and was changing hands at $0.5599 at press time. Looking at the longer timeframes, ADA was still up more than 32% over the past 7 days.
Daily chart for ADA/USDT (Source: TradingView)
ADA was challenging the strong barrier at $0.5940 at press time. Should it close a daily candle above th…
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