Analyst Dan Gambardello has signaled a bullish outlook for Cardano, highlighting an ascending trendline and a potential double-digit price target.
Cardano (ADA) experienced a sharp decline before recovering within a 24-hour period, highlighting market volatility. The cryptocurrency fluctuated between $0.69 and $0.74. The price dipped significantly before stabilizing around the $0.70 support level.
ADA posted a 4.0% daily loss, while its weekly and monthly declines stood at 4.2% and 11.7%, respectively. However, on a year-over-year basis, the asset maintained a 6.9% gain, indicating resilience despite recent setbacks.
Cardano Supertrend On Pace
Meanwhile, a recent analysis by Dan Gambardello identified bullish indicators for Cardano. In a tweet, he shared a chart showing an ascending trendline, suggesting a potential upward reversal. According to Gambardello, “Cardano’s supertrend is on pace.”
The accompanying chart shows ADA…
