Cardano Faces Potential Drop to $0.73 Amid Analyst Warning

2025-09-24 05:00

Cardano (ADA) may face a price drop to $0.73, according to analyst Dan Gambardello, who warns of a potential fakeout scenario. Gambardello's technical analysis indicates a risk model reading of 35, suggesting ADA is closer to bear market lows. The weekly chart reveals a wedge pattern that could break down, targeting the 200-day moving average at $0.73. In contrast, Reliance Global Group has added ADA to its $120 million corporate treasury, citing the cryptocurrency's strong fundamentals and long-term potential. The company highlighted Cardano's sustainability, peer-reviewed development, and real-world adoption as key reasons for its investment.

Original Link

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.

Bitcoin historical price data and trends

This special feature gathers multiple articles on Bitcoin’s historical price data, analyzing past trends, market cycles, and key events that shaped its value. It also explores factors influencing price movements, providing readers with insights into Bitcoin’s long-term performance and market patterns.

Detailed Illustrated Guide to Contract Trading

This collection, "Detailed Illustrated Guide to Contract Trading," explains the fundamentals of contract trading, including futures and margin trading. It uses clear illustrations to simplify key concepts, risk management strategies, and order types, making it accessible for both beginners and experienced traders.