Bitcoin continues its steady sideways movement as the new year begins.
Altcoin dominance is slowly taking over, giving altoins a chance to pump.
Cardano (ADA) shows a major break signal from a downward trendline.
As new year excitement fuels bullish sentiment, the crypto market prepares to welcome significant gains in the coming months ahead. In particular, Q1 of 2025 is widely anticipated to mark the peak of this cycle’s altseason, with analysts predicting a wave of ATHs similar to Bitcoin’s (BTC) record-breaking performance in November 2024.
Q1 of 2025 Highly Anticipated to Launch Altseason Pump
Fueling the expectations for a bullish season are the price charts of altcoins themselves. While many altcoins are already showing strong signs for bullish pumps in the coming days, other altcoins have already set up new ATHs and show no signs of slowing down for the peak period of the ongoing bullish altseason.
While altcoins are expected to flourish in Q1, Bitcoin is expected to make a steady rise as the year progresses. In fact, most analysts expect Bitcoin price to fall to the $85,000 price range before it shoots up to hit higher targets between $110,000 to $230,000 or higher. Meanwhile, one altcoin gaining attention for a bullish few months ahead is Cardano (ADA).
ADA Signals Major Pump Indicator
One analyst highlights the bullish potential of ADA this altseason. As we can see from the image above, the ADA/USDT price chart shows price compression. The analyst says that if ADA can break the downward trendline, a price surge is imminent. Moreover, if the price is also above the support area then we can see even greater ADA gains.
The post ADA Price Indicates Major Break Signal From a Downward Trendline, Cardano Prepares for a Significant Pump appeared first on Crypto News Land.
