Crypto analyst Dan Gambardello has reignited bullish sentiment around Cardano (ADA), drawing attention to a powerful historical signal: gold’s parabolic price movement. According to Gambardello, gold’s current rally closely mirrors its behavior in 2020, just before Cardano soared by an astounding 3,000%.
The catalyst? A mix of macroeconomic trends—especially the upward movement of gold prices and the M2 global liquidity index—which historically signaled the start of a major crypto bull run. Back in 2020, gold rallied 50% before topping out, followed by Bitcoin and later Cardano entering explosive growth phases.
Currently, ADA is trading above its 20-day moving average, a short-term bullish sign. However, the real test lies ahead at key resistance levels: the 50-day MA ($0.69) and the 200-week MA ($0.71)—a zone Gambardello calls the "bull market door."
While a dip to the $0.40s is still possible, these converging indicators suggest Cardano could be on the brink of another massive run—if history rhymes.
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