Experts say Cardano’s boring phase is over! Pay attention to this move by Cardano ADA

Cardano analyst Dan Gambardello predicts that ADA is about to break out of the “boring” phase amid Bitcoin’s recent rally.
Cardano (ADA) is up 3.3% today and is trading at $0.3574. However, at this value, the altcoin is still 2.4% below its weekly high of $0.3669. In comparison, Bitcoin has gained 8.11% over the past week to reach a seven-month high of $73,500.
Looking at the monthly timeframe, Cardano holders are still facing a loss of 8.62%, while Bitcoin is up 12% over the past 30 days. As Cardano continues to struggle to capitalize on Bitcoin’s uptrend, analyst Dan Gambardello has assured ADA holders that the days of ADA’s “boring” performance are coming to an end.
In his latest analysis, Gambadello admitted that Cardano has been consolidating and “doing nothing” while Bitcoin continues to make new highs.
To provide context, Cardano is down about 88% from its highs, while Bitcoin is only 1.88% away from its all-time high. Gambardello stressed, however, that the behavior observed on Cardano’s charts is “perfectly normal.”
Cardano’s price action is consistent with historical trends
He noted that Cardano’s chart might not show much activity now compared to the last cycle, but it was at a similar stage then. Analysts noted that during the previous cycle, Bitcoin’s price surged in November to near all-time highs, while ADA stagnated.
“We are seeing a similar situation today: Bitcoin is gaining ground, while ADA remains stable,”
He said.
Cardano’s “boring” phase ends here
At the same time, Gambadello mentioned that at the end of November 2020, ADA broke through its 20-week moving average, starting a solid rally. Although it didn’t grow exponentially right away, it stayed at that level for about a month.
He suggested that the market could be witnessing a similar setup now, 42 days away from the “purple line” of this cycle, right when ADA last started moving.
Notably, other analysts like Ali Martinez also acknowledged that Cardano’s bull trend could start in November this year, just like the previous cycle, which could be followed by a 23x increase, as history shows.
“Pay attention to the actions of ADA this time”
Additionally, Gambardello urged ADA holders to pay close attention to signals from technical indicators. He noted that ADA’s weekly chart shows bullish indicators: higher lows on the RSI and a crossover of the MACD signal line, which could mean that Cardano is gathering momentum.
According to Gambadello, the overall bearish sentiment could turn when these signals gain traction, which, coupled with the strong narrative of Cardano’s integration with BitcoinOS, could make it happen.
Gambardello stressed that he has been following these cycles since 2018 and the charts have remained "consistent." He reiterated that although Cardano is currently down roughly 88%, a similar situation occurred at this stage in the last cycle when it was down 90%.
“Even though nothing is certain, it’s worth preparing for a similar setup that could happen now,”
He said.
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