Crypto analyst Dan Gambardello has identified Ethereum (ETH), Cardano (ADA), SUI, and DOG as currently oversold, with setups reminiscent of previous cycle bottoms. Gambardello notes that while he is not predicting a bottom, historical indicators suggest potential for a rebound.
Ethereum is forming a pattern similar to its November 2024 breakout, with higher highs and lows near the 20 and 50-day moving averages. Gambardello sees $2,800 as a key resistance level. Cardano’s MACD is showing a squeeze akin to its 2024 breakout, with Gambardello watching for a green histogram above the zero line.
SUI has dropped 85% from its peak, with its Stochastic RSI oversold for over a year, indicating potential for a reversal. DOG has experienced a 91% drawdown, maintaining its status as the top meme coin on Bitcoin and the most engaged meme coin on X last week.
