According to leading market observers Lucky Luciano and Dan Gambardello, Cardano (Ada) may be on the verge of a significant price break. According to Luciano, who draws attention to Cardano’s strong foundations and increasing ratio, this positions the Ada as a reliable option in the crypto market. Beyond the foundations of the island, Luciano has risen on the crypto currency based on the existing graphics formation.
Crypto Money Created the ‘Taurus Flag’ formation!
Accompanying Luciano’s tweet, Ada’s technical analysis in the daily time period emphasizes a bull flag formation. This formation consists of a lower -curved channel following a powerful bull trend. In particular, the island shows that it can soon challenge basic resistance levels and pump hard.
Cardano’s historical price movements since the last quarter of 2024 show that there are more than one rejection point on the upper limit of the flag formation. However, Luciano argues that an upcoming break can push the island to the level of $ 1.30 and can extend to $ 1.80 if the rise momentum continues.
Lucky Luciano’s island graphGAMBARDELLO: “Explosive Amazon Moment” is here!
Interestingly, Luciano is currently the only optimistic analyst with Cardano. Market expert Dan Gambardello offers an even more ambitious look for the island. Gambardello sets parallels with Amazon’s growth at the beginning of the 2000s and draws an optimistic future for Cardano. According to him, Cardano’s “Amazon moment” is right in the corner.
Amazon’s explosive rise is noted that during the Dot-Com the balloon, a 95 %dramatic stock collapse deleted by a value of $ 2 billion. At that time, many people considered the company as another DOT-COM project. However, the long -term vision of Amazon’s flexibility and founder Jeff Bezos led to one of the most successful commercial feedbacks in history.
” Ada is following the Amazon price chart! “
Gambardello sees parallels between the journey of Amazon and the early development of Cardano. Like Amazon, Cardano followed a long -term approach to build the ecosystem, focusing on scalability and sustainability. He believes that Cardano’s slow and stable growth is combined with macroeconomic changes, preparing him to benefit from the “Golden Age an approaching the crypto.
This ambitious comparison coincides with a period in which Cardano’s price is forced. The bull season of the current cycle is approaching the end, and the island is traded below 75 %of the highest level of all time. Despite this, Gambardello maintains optimism and compares Cardano’s graph with Amazon’s early orbit. It draws attention to the similarities between Amazon’s 95 %collapse and the price movement during Cardano’s last month market.
Gambardello predicts that Cardano is ready to recover a similar explosive, just like Amazon’s collapse. In particular, TradingView data shows Amazon’s stock price performance at all times with 168,690 %surprising earnings.
Dan Gambardello’s Cardano vs Amazon graph
