Cardano (ADA$) has seen a significant surge recently, breaking above $1.10 for the first time since 2022. According to veteran analyst Peter Brandt, Cardano is in the process of forming a “major bull market” after forming a double bottom that has lasted for over a year. This pattern reflects strong price stability and the $0.81 support has turned into a key level.

The recent move is driven by political expectations, with the incoming Trump administration appearing to be supportive of cryptocurrencies, sparking a wave of optimism that has included Cardano along with $XRP and $SOL .

Technically, Brandt confirmed that ADA is now in a great position to break out to new highs. The recent correction has also reinforced the price support within the golden zone (0.5-0.618 Fibonacci), supporting the positive outlook. Cardano is currently 64.7% below its 2021 high, making it an attractive opportunity for investors looking for measured risk and high returns. If the momentum continues, 2025 could be the year of Cardano’s new high!

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