Cardano Could Lead Altcoin Season, Says Peter Brandt
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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