The price of Cardano (ADA) has seen some fluctuation recently, trading down 2.8% in the past 24 hours to around $0.678. Despite this dip, ADA’s momentum is strong as per analyst Dan Gambardello. His analysis highlights the oversold status of its Stochastic RSI, reaching historic lows – a sign that a big price move could be brewing. While there is no immediate bounce yet, Gambardello predicts ADA will break free from its current weakness and potentially surge upwards. ๐ฐ ๐ ๐ฅ ๐ง ๐ ๐ ๐ง This view is further bolstered by the recent news of key institutional players joining the Cardano ecosystem, including Franklin Templeton, which now manages a massive $1.6 trillion in assets. Additionally, NBX is partnering with Cardano to build Bitcoin-based DeFi applications โ highlighting the network’s potential in institutional adoption. ๐ช ๐ช ๐ค Despite price struggles, Cardanoโs fundamentals are holding strong, as analysts point out the current price setup echoes past successes where ADA surged from a low point. ๐ฐ ๐ ๐ Key support levels for ADA stand between $0.58-$0.64. Will ADA achieve its ambitious $10 target? ๐ค According to expert predictions, if it manages to hold above the 50-week moving average ($0.64) or breaks above the 200-week EMA, it could kickstart a new uptrend. ๐ ๐ If ADA continues to rally, experts believe it could eventually reach $10 based on key resistance levels at $0.694 and $1.10. ๐ Similar patterns have been observed in Bitcoin’s 2012-13 bull run, as analyst Dalin Anderson predicts a similar outcome, reaching around $3.67 with a projected market cap of $130 billion. ๐ฎ ๐ฃ ๐ฏ ๐ง