Cardano's recent price action suggests that it may have formed a long-term bottom. Despite a prolonged decline that pushed the asset toward the $0.22 region, buying interest intensified as the price approached this historic low.
This stabilization could be an early sign of a behavioral change among holders, indicating a potential shift in market sentiment. The analyst believes that Cardano's recovery from its September highs is not just a short-term fluctuation but a key development for the broader market.
The next 9-15 months may see a price expansion phase for Cardano, with potential growth ranging from 60% to 200%. To achieve this, whales need to sustain buying pressure and prevent further declines. The broader crypto market must also remain stable to support this bullish trend.