Cardano (ADA) Has Reached Its Lowest Point and Is About to Enter a Major Bullish Phase, Claims Peter Brandt

This analysis comes as the cryptocurrency has remained above the symbolic threshold of 1 dollar for the first time in almost two years.

Acclaimed trader and technical analyst Peter Brandt has suggested that Cardano (ADA) might have bottomed out and is now poised to begin a strong bullish phase.

This analysis comes in the wake of the cryptocurrency staying above the 1 dollar mark for the first time in nearly two years.

Cardano booms to reach highest level in 2 years

Having spent over four decades analyzing financial markets, Peter Brandt shared his analysis of Cardano’s weekly chart on the X trading platform.

According to his analysis, ADA has formed a double bottom base that has been developing for over a year, before breaking through its recent local peak of 0.81 dollars. This level has since turned into strong support, with a “retest congestion” being observed on the charts, to confirm the strength of this new floor.

This analysis is further corroborated by the technical levels, where ADA’s rebound from critical Fibonacci retracement levels (0.5 to 0.618) is being termed as the “golden zone” by analysts. This technical rebound, coupled with the formation of a double bottom, enhances the outlook for a sustained bullish trend.

Another analyst, Altcoin Sherpa, also shares this optimism, highlighting the strength of Cardano’s technical fundamentals in the current market scenario.

Favorable political climate for crypto assets

The optimism around Cardano also fits into a favorable political climate, with promises from president-elect Donald Trump to support the crypto sector. The prospect of a friendlier SEC and clearer regulatory measures has already seen ADA clock gains of over 30% since the start of 2025.

Being an American organization, Input Output (IOHK), the parent company of Cardano, could also be a major asset in this new regulatory scenario. Rumors of certain American cryptos being included in a strategic reserve have already generated positive momentum in the markets.

To summarize, currently consolidating around 1.10 dollars, the ADA still has significant room to grow, being 64.7% away from its all-time high of 3.09 dollars in 2021. This setup could offer an attractive risk-to-reward ratio for investors in 2025.

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Being passionate about Bitcoin, I like to delve into the depths of blockchain and crypto. I share my discoveries with the community. My dream is to live in a world where privacy and financial freedom are guaranteed for all, and I firmly believe that Bitcoin is the tool that can make this possible.