Cardano Could Lead Altcoin Season, Says Peter Brandt
17.01.2025 21:00 1 min. read Alexander Zdravkov
Veteran analyst Peter Brandt, who has previously been skeptical of Cardano (ADA), has shifted his stance, capturing the attention of the crypto community with his latest bullish outlook.
Brandt now believes that Cardano has hit its market bottom and may be positioned for a significant upward movement.
According to Brandt, Cardano has formed a double-bottom pattern over the past year, a classic technical indicator suggesting a potential trend reversal. This pattern, confirmed by ADA surpassing its recent local high of $0.81, hints at the possibility of a substantial rally ahead.
“Alt season? Make no doubt about it, Cardano has bottomed for a grand bull market,“ Brandt declared, highlighting his confidence in the asset’s future performance.
Cardano has already gained more than 30% in 2025, with its price consolidating above $1 for the first time since April 2022. This renewed momentum has fueled optimism among investors, suggesting that ADA could be a key player in the anticipated altcoin market revival.
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