Cardano (ADA) Price Breakout Potential
According to market experts Lucky Luciano and Dan Gambardello, Cardano (ADA) may soon experience a significant price breakout.
In a tweet to his 2.2 million followers, Bitcoin analyst Lucky Luciano expressed optimism about ADA, anticipating a major price movement. He emphasized Cardano’s strong fundamentals and growing adoption, viewing it as a solid option in the crypto market.
ADA Bullish Flag Pattern
Accompanying Luciano’s tweet is a technical analysis of ADA on a daily timeframe, showcasing a bullish flag pattern. This downward-sloping channel follows a strong uptrend, suggesting that ADA could soon challenge key resistance levels and experience a significant price increase.
Historically, Cardano’s price movements since the last quarter of 2024 show several rejection points at the upper boundary of this flag pattern. Luciano posits that an upcoming breakout could elevate ADA toward the $1.30 level, potentially reaching $1.80 if bullish momentum persists.
Luciano is not the only market analyst expressing optimism for Cardano. Dan Gambardello has an even more ambitious forecast.
Gambardello: “Explosive Amazon Moment”
Gambardello compares Cardano’s potential to Amazon’s growth in the early 2000s. He believes Cardano’s “Amazon Moment” is imminent, pointing out that Amazon’s explosive rise followed a 95% crash during the dot-com bubble, which led many to dismiss it as a failed venture.
Gambardello highlights Cardano’s resilience and long-term vision, similar to Amazon’s approach, focusing on scalability and sustainability. He anticipates Cardano will thrive in a forthcoming “golden era” for crypto.
Despite ADA’s current struggles, trading 75% below its all-time high, Gambardello remains optimistic. He draws parallels between Cardano’s and Amazon’s early challenges and resilience, predicting a robust recovery for Cardano, akin to Amazon’s post-crash growth.
According to TradingView data, Amazon has achieved a staggering 168,690% gain in stock price historically.
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