Cardano Bull Sees ADA Jumping 1,000% In An ‘Insane’ Rally

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Related Reading: Monero (XMR) Unfazed By Market Jitters, Climbs 13% – Details Gambardello’s forecast is based on a very similar setup to the bullish divergence in 2020 that indeed triggered a strong price ascent.

He pointed to a bullish divergence where the price of ADA keeps making lower lows, while the RSI and MACD are making higher lows-a sign that the downward momentum could be weakening and a reversal might occur very soon.

Last time this happened 4 years ago, Cardano rallied over 1,000% against Bitcoin.pic.twitter.com/cR0uqkIcTe — Dan Gambardello (@cryptorecruitr) September 5, 2024 And he’s rather outspoken about his bold forecast, too.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippines

Topics: Cardano ADA Altcoins Bitcoin Cryptocurrency Market News Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 10:30:52 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 591 words

Reading Time: 4 minutes read

Sentences: 83 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22390540

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