bullish

Cardano

when

Coin

<ul class="wp-block-list news-points">
 <li>ADA price is down by 65% since March amid market turmoil.</li>
 <li>Binance supports Cardano’s crucial hard fork for governance.</li>
 <li>Dan Gambardello predicts a potential bullish reversal based on technical indicators.</li>
</ul>
Cardano (ADA) holders are in a trying period, with the cryptocurrency experiencing a sharp decline of around 65% since March. Despite this, new developments and technical indicators, explained by analyst Dan Gambardello, suggest that a bullish turnaround might be imminent.
Gambardello, a well-known pro-Cardano analyst, recently discussed these insights in a detailed <a href="https://x.com/cryptorecruitr/status/1820624970596118924?t=LuksgLmnfm5pEJ_j0woGHw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">video</a>. He emphasized Binance’s recent upgrade and support for <a href="https://coinedition.com/is-cardano-ready-to-break-free-chang-hardfork-aims-for-governance-security-and-maybe-fireworks/" rel="noopener noreferrer nofollow">Cardano’s hard fork</a> as a significant positive development. This hard fork is set to enhance on-chain governance, a crucial step for Cardano’s ecosystem.
Currently, ADA is down approximately 90% from its all-time high. According to the analyst, this steep decline is similar to the last cycle, when ADA dropped around 93% roughly 100 days after the Bitcoin halving.&nbsp;
Furthermore, Gambardello observed that since October 2022, Bitcoin dominance has been rising, which historically signals tough times for altcoins like ADA. Investors …
The post <a href="https://coinedition.com/cardano-bull-gambardello-says-a-massive-turnaround-for-ada-on-the-horizon/" rel="noopener noreferrer nofollow">Cardano Bull Gambardello Says A Massive Turnaround for ADA on the Horizon</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Cardano Bull Gambardello Says A Massive Turnaround for ADA on the Horizon

Coin Edition

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