Cardano (ADA) ‘bottomed’ and on verge of ‘grand bull market’ — Peter Brandt

Cardano (ADA), like XRP (XRP) and Solana (SOL), has experienced positive price momentum during the recent Trump rally, partly due to its parent company, Input Output (IOHK), being a US-headquartered organization. The altcoin is up 30% in 2025, and ADA is consolidating above $1 for the first time since April 2022.

With the altcoin currently attempting to hold above the $1.10 resistance level, one analyst said its market structure is potentially shaping up for a massive rally.

Peter Brandt says Cardano is ready for a grand bull run

President-elect Donald Trump has been vocal about the upcoming administration preparing to establish a crypto-friendly Securities and Exchange Commission, transparent token guidelines, and better legal restrictions.

Cointelegraph reported that the incoming president is rumored to be “receptive” to a strategic reserve with other US-based digital assets such as Solana, USDC, and XRP. The speculations have caused a snowball effect in the markets, with “altcoin season” chatter catching the markets’ attention again.

In light of that, Peter Brandt, a veteran trader, mentioned that irrespective of an altseason, Cardano has “bottomed,” according to its weekly chart.

The trader explained that the crypto asset had formed a double-bottom base, which lasted more than one year before breaking above its recent local high of $0.81. Consequently, the local high at $0.81 has been turned into immediate support, with the price witnessing a “retest congestion.” The trader said,

“Make no doubt about it, Cardano $ADAUSD has bottomed for a grand bull market.”

Similarly, Altcoin Sherpa, a crypto analyst, shared a similar perspective with respect to ADA, touting that its chart “looks pretty strong.” The analyst expected Cardano to continue on its bullish ascent as long as other retail-friendly assets continued to move higher.

Related: Trump reportedly ‘receptive’ to strategic reserve with US-based cryptos

ADA aims to turn the $1.10 resistance to support

Adding further confirmation to Brandt’s analysis, ADA has rebounded from the 0.5-0.618 Fibonacci retracement levels, considered the golden zone. During an uptrend, traders utilize the 0.5-0.618 range key area, where the price is expected to reverse after a brief correction from its previous local high. 

As observed in the chart, ADA’s recent correction stretched to $0.76 after the altcoin reached a new high of $1.32 on Dec. 3, 2024. Since then, the altcoin has retained a position above $1 and formed another key reversal signal with a double bottom pattern.

Compared to XRP and SOL (SOL), ADA is still 64.7% below its 2021 all-time high of $3.09. Therefore, traders are expected to take note of ADA’s favorable risk-to-reward (R/R) ratio if the altcoin can retest its ATH in 2025.

Related: 60% of crypto investors are young, educated, and invest under $10K — Survey