The visible Cardano Permabull shared how he believes that hell could really achieve a two -digit price goal.
Dan Gambardlo, a well-known crypto analyst, recently outlined his vision of Cardano (ADA) Mark 10 dollarsHe believes that this goal is achievable depending on historical prices, market cycles and constant growth in the ecosystem of Cardano.
Kardano historical indicators and market cycles
In his last video analysisGambardloo emphasized that Kardano demonstrated strong growth in previous bull cycles. The analyst noted that, for example, in the last market cycle, ADA grew from a market capitalization of $ 4 billion to more than $ 100 billion to more than $ 100 billion.
Historical market data confirm this disclosure. In particular, in early March 2020, market capitalization amounted to 1.22 billion dollars. This marked an increase in the estimate by 8,236% for 19 months.
It is noteworthy that Gambardloo emphasized that many investors doubted Cardano’s ability to achieve this assessment, but ultimately this did. He sees a similar setting formed in withUrA market cycle with Cardano, located for another large rally.
According to its analysis, the current market structure is similar to the previous Phases of consolidation to explosive growth.
For the context of the ADA, it decreased by about 40% of its recent maximum, and Gambardello considers this as a normal restoration in a common bull trajectory. He believes that investors should focus on long -term market cycles, and not on short -term fluctuations.
Indicators supporting ADA for $ 10
Speaking further, Gambardello has identified several diagrams that indicate the bull potential for the cardan. One of the main indicators is the reverse scheme of the head and shoulders in the weekly diagram.
It is noteworthy that Kardano, by the same, began to form this structure since the beginning of December 2023, after its fall from $ 0.6 and subsequent recovery. When Cardano has formed a similar structure of the last cycle, its breakthrough led to a huge surge. In case of confirmation, another breakthrough can lead to a large ascending trend for ADA.
Gambardello also pointed to the position of Cardano regarding the middle keys. Currently, ADA is currently being traded for $ 0.7459, currently between the 20-week MA up to a 200-week MA, which has historically been the main accumulation zone to large-scale price growth.
In addition, the analyst monitors the recovery of Fibonacci from swinging the previous cycle to his peak. This level of Fibonacci is closely connected with its previously defined “doors of the bull market market.” It is noteworthy that this confirms the idea that ADA is in a simple position for a breakthrough.
Growth of ecosystem Cardano and institutional interest
In addition to technical indicators, Gambardello identified fundamental factors that could increase the long -term value of Cardano. He noted that ADA is more optimistic than in the last cycle. On the one hand, the network developed massively from the last cycle, currently showing the prosperous ecosystem of Defi, intellectual contracts and wider adoption.
Especially, Cardano welcomed the flesh renewal Last month, which introduced full decentralized management. Referring to these events, Gambardlo noted that Cardano is one of the most decentralized and safe blockchains, which makes it well suitable for institutional investments.
He also mentioned the recent inclusion of ADA in the top -10 crypto -index of BitWise. Although this is already a bull signal, he believes that a real catalyst will become a potential inclusion of ADA in spot ETF. Noteworthy Serogois is served For Cardano ETF at the beginning of this month. Gambardello compared this stage of Cardano growth with the first days of technical actions that receive ETF.
Forecasts of market capitalization and realistic price purposes
Curdanos currently passes into hands at 0.7459 dollars. He mentions that in order for the token to reach 10 dollars, its market capitalization should reach about $ 350 billion. Gambardello claims that this is realistic compared to Ethereum in the previous cycle.
In particular, Ethereum market capitalization exceeded $ 500 billion at its peak, and he believes that Cardano can follow a similar trajectory, given its strong foundations.
Its wider target range for this cycle is from 5 to 10 dollars, with the upper The possibility of $ 14 If the impulse is accelerated. He emphasizes that this is not an unreasonable forecast, but rather a forecast based on historical models and current market trends.
