Cardano Bull Gambardello Predicts Major Price Breakout
Cardano bull Dan Gambardello has revived his prediction that the cryptocurrency is preparing for a significant upward move. In a post on X, Gambardello wrote, "The Cardano escape is loading…" referencing an earlier September 21 comment where he warned traders not to underestimate ADA. At the time, ADA was trading near $0.24, and Gambardello suggested a breakout could push the price to $0.40.
ADA has since strengthened, currently trading at around $0.2711, representing a nearly 96% recovery from its June low of $0.1387. The token has also achieved a five-month high, narrowing its year-to-date decline to around 18.5%. Gambardello’s latest comment suggests he sees the current recovery as more than just a temporary bounce.
In September, Gambardello shared a chart showing ADA forming an ascending structure with a yellow trendline connecting higher lows. He emphasized that a breakout from this structure would be necessary for ADA to reach $0.40. Now, with ADA trading above the $0.24 area highlighted in his earlier analysis, Gambardello’s prediction of an "escape" appears to be gaining traction.
Other analysts, such as Crypto Patel, have also noted signs of Cardano’s recovery. Patel highlighted that ADA is entering an accumulation phase after holding a key weekly support level and moving back above $0.235. He identified three key signs: ADA holding a long-term support zone, staying above the golden pocket, and reclaiming $0.235. Patel’s longer-term targets include $3 and $5, with a possible move toward $10.