Famous trader and technical analyst Peter Brandt claims that Cardano (ADA) has hit its lowest point and is about to enter a major bullish phase. This analysis comes as the crypto remained above the symbolic threshold of 1 dollar for the first time in almost two years.
Cardano at its best level in 2 years
Peter Brandt, recognized for his four decades of experience in financial market analysis, shared his analysis of Cardano's weekly chart on the X platform.
According to his analysis, ADA formed a double bottom base that developed over more than a year, before breaking through its recent local high of $0.81. This level has since transformed into solid support, with “retest congestion” observed on the charts, confirming the robustness of this new level.
This analysis is corroborated by the technical data including ADA's rebound from critical Fibonacci retracement levels (0.5 to 0.618), considered the “golden zone” by analysts. This technical rebound, combined with the formation of a new double bottom, reinforces the prospect of a lasting uptrend.
Altcoin analyst Sherpa also shares this optimistic view, highlighting the strength of Cardano's technical fundamentals in the current market environment.
Political context favorable to crypto assets
The optimism around Cardano is part of a buoyant political context, marked by President-elect Donald Trump's promises in favor of the crypto sector. The prospect of a more supportive SEC and clearer regulatory guidance has already propelled ADA up 30% since the start of 2025.
The position of Input Output (IOHK), Cardano's parent company, as an American organization, could also prove to be a major asset in this new regulatory context. Speculation regarding the possible inclusion of certain American cryptos in a strategic reserve has already caused positive dynamics in the markets.
In short, currently in a consolidation phase around $1.08, ADA still displays significant growth potential, lying 64.7% below its historic record of $3.09 reached in 2021. This configuration could offer a particularly attractive risk/reward ratio for investors in 2025.
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