Bullish Confirmation for Cardano (ADA) Amid Market Recovery, Crypto Analyst Predicts
In a recent series of tweets, crypto analyst Dan Gambardello shares his optimistic outlook for Cardano (ADA), predicting a potential bullish confirmation in the near future. Gambardello’s technical analysis suggests that ADA’s price could break above a key resistance channel, signaling a positive trend for the altcoin. Gambardello acknowledges the impact of recent SEC lawsuits against major exchanges but emphasizes that ADA has more ground to recover compared to other cryptocurrencies like Bitcoin and Ethereum. He points out that ADA’s recent trading activity shows promising signs, with the altcoin trading above the 20-day moving average (MA) line, a positive indicator.