🚀 Cardano is new bull market leader, analyst says

Renowned crypto trader Gert van Lagen has pinpointed Cardano as the potential front-runner of the ongoing bull market.

His analysis relies heavily on the fundamental advantages of Cardano over its competitors Ethereum (ETH) and Solana (SOL). The crypto trader's main argument is the concept of decentralization, where he positions Cardano as a model of "fundamental superiority." 

He states: “Cardano stands out for its fundamental superiority over Ethereum and Solana, boasting greater decentralization and the notable absence of support from centralized entities like Gemini.”

Van Lagen shares his technical analysis of Cardano on X, identifying key patterns and indicators that support his optimistic stance.

“Looks very much like $ADA, broken black downtrend through weekly closes. Clear double bottom setup below red horizontal –> broken out, currently retesting.” This pattern suggests a strong reversal and potential for significant upward movement.

He then goes on to elaborate on the price action of $ADA as he observes it, “ADA [2W] – Compare Adam and Eve bottoms within 🟨 & 🟥. Price has broken through the blue neckline and is on its way to the key resistance zone before ATH: $1.2-1.8. Conservative extension targets: $5-15. Invalidation EW-count: $0.17.”

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