Cardano Signals Potential End to Prolonged Downtrend, Targets $3.25 By Next Year
Photo: The Crypto Basic
Crypto analyst MasterAnanda has argued that Cardano could be approaching the end of its prolonged bear market ahead of a strong recovery. In what he called a friendly reminder, the analyst cautioned that investors might not get another chance to buy Cardano at similarly low prices if the anticipated bullish trend materializes. To support his outlook, MasterAnanda shared a three-day ADA/USDT chart on Coinbase. The chart highlights an extended downtrend that followed Cardano’s late-2024 rally, alongside a falling wedge and a prolonged bearish wave. It also shows a rounded-bottom formation that developed over approximately two months.
Source: The Crypto Basic
