Cardano Set for Short-Term Turbulence but Poised for Big Gains, Expert Warns

Crypto analyst Dan Garbadello has warned Cardano (ADA) investors to brace for potential market volatility amid economic signs of a looming recession.

Garbadello’s recent analysis suggests that while short-term fluctuations could be sharp, Cardano may see substantial growth in the longer term if historical trends persist.

In his latest video, Garbadello referenced patterns from the S&P 500, noting that the index often hits its lowest point three months into a recession and recovers around ten months before it ends. This trend suggests that both traditional and crypto markets, including ADA, might face increased volatility soon.

Cardano Holders BRACE YOURSELVES! How ADA Will Survive Recession…

Intro 00:00
Pay attention to this data! 00:40
The wait is almost over 2:00
ADA still on track 3:25
BTC dominance 6:15
If things get bad 7:30
Cardano vs. Bitcoin 10:00
ADA price action 11:15 pic.twitter.com/EcmS1bz8qt

— Dan Gambardello (@cryptorecruitr) September 6, 2024

Garbadello also pointed out the connection between interest rate cuts by the Federal Reserve and subsequent recessions. He advises investors to watch for these economic signals, as they could indicate when the crypto market, including ADA, might hit its lowest point before rebounding.

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Predicting a potential low for Cardano around December 2024 or early 2025, Garbadello emphasized that while this timeline is based on historical data, market conditions could shift unexpectedly. He compared ADA’s current downturn, which has seen a 89% decline from its previous highs, to its performance in past cycles, suggesting a possible recovery.

Garbadello also highlighted technical indicators like the Relative Strength Index (RSI) as tools to gauge early signs of a market turnaround. Despite a potentially bearish short-term outlook, he remains optimistic about Cardano’s long-term prospects if historical patterns hold.

Alexander Stefanov