CandleFocus Cardano Critic Brandt Flips Bullish, Suggests ADA Has Now Bottomed for a ‘Grand Bull Market’
2025-01-16
Author: Content Editor
Cardano (ADA) has experienced a significant recovery in its price, leading veteran commodities trader Peter Brandt to suggest that the altcoin has hit bottom and could now enter a "grand bull market." Brandt's bullish outlook is based on a double bottom base pattern that Cardano formed, indicating a potential reversal and breakout. Other market analysts also share this optimism and point to consistent higher lows and strong demand zones as indicators of bullish momentum. Additionally, there has been a recent increase in whale activity, with large holders acquiring 100 million ADA tokens within 48 hours. Cardano has also demonstrated strong performance compared to other cryptocurrencies in 2025.
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