Peter Brandt: Cardano (ADA) Has Bottomed Out and Is Ready for a Bull Market
Key Points
- Cardano (ADA) has risen 30% in 2025, surpassing $1 for the first time since April 2022.
- Peter Brandt indicates that ADA has formed a double-bottom base and is ready for a major bull market.
- Trump’s pro-crypto administration could further boost interest in altcoins like ADA.
Cardano (ADA): Positive Momentum and Bullish Consolidation
Cardano has shown outstanding performance in 2025, rising 30% due to growing interest in altcoins and expectations of a more crypto-friendly administration under Donald Trump. For the first time in over two years, ADA is firmly holding above $1.
Technical Analysis: Peter Brandt Predicts a Major Bull Market for ADA
Veteran trader Peter Brandt has noted that ADA has bottomed out, forming a double-bottom base on its weekly chart. This technical pattern, which lasted over a year, suggests that Cardano is ready for a significant rally.
Brandt highlighted that the $0.81 level has become a key support, reinforcing his bullish outlook. Other analysts, such as Altcoin Sherpa, have confirmed that ADA’s chart “looks quite strong,” indicating continued bullish potential.
ADA Aims to Turn $1.10 into Support
Cardano has bounced back from the key Fibonacci retracement levels of 0.5-0.618, commonly known as the «golden zone.» These levels are critical during bullish trends as they often signal reversal points after minor corrections.
The altcoin is in a strategic position, holding above $1, with a double-bottom pattern reinforcing its bullish structure. Although ADA is still 64.7% below its all-time high of $3.09 (2021), many traders see its risk-reward ratio as favorable for reaching new highs in 2025.
Impact of the Trump Administration on the Crypto Market
President-elect Donald Trump has announced plans to establish a pro-crypto administration, with clearer regulations and a favorable environment for digital assets. This could benefit not only Cardano but also other prominent projects like Solana (SOL) and XRP.