- Dan Gambardello predicted that ADA’s underperformance may come to an end in the next few weeks.
- The analyst warned that ADA’s price could drop to below $0.20 if it does not break above the 20-week and 50-week EMAs.
- ADA’s price stood at $0.3017 after it dropped 0.66% over the past 24 hours.
The cryptocurrency trader and analyst Dan Gambardello predicted in his latest analysis that Cardano (ADA) holders’ pain could be coming to an end, especially from a macro perspective. Although the end of ADA’s underperformance over the past few months may soon reach its end, the analyst did caution that one last potential move to below $0.20 may be in the cards.
Gambardello mentioned that ADA’s short-term prospects remain gloomy. However, from a longer-term perspective, the altcoin’s charts suggested that the cryptocurrency still had a vast amount of potential to print gains for value investors, according to the analyst.
One event that Gambardello speculated will initiate the bullish reversal for ADA is the Bitcoin (BTC) halving, which he noted was 260 days away. After this significant event, the analyst forecasted that BTC’s dominance in the market will …
The post ADA May Still Be at Risk of Falling to Below $0.20, Warns Analyst appeared first on Coin Edition.
The post ADA May Still Be at Risk of Falling to Below $0.20, Warns Analyst appeared first on Coin Edition.