- Per Brandt, ADA ($0.38) was ripe for the next leg higher after defending March peak.
- Strong whale accumulation could set ADA’s next bull run.
Cardano [ADA] marked $0.8 as the local bottom after December and leveraged the support for a 34% recovery gain over the past two weeks. Interestingly, the $0.8 was the March 2024 peak, and the altcoin has so far defended for a possible leg higher.
Reacting to the development, renowned trader and analyst, Peter Brandt, noted that ADA was ready for a ‘grand bull run’ after marking the March high as a bottom.
“Alt season???? Make no doubt about it, Cardano $ADAUSD has bottomed for a grand bull market”
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