ADA Struggles to Close Above a Critical Resistance Level
Despite the bounce in Bitcoin’s price, ADA is currently struggling to overcome a critical resistance level. Cardano price is now 2.17$ is there any possibility that it will rise soon or reach a new ATH because the btc is now back to bullish and the current btc price is now 51,602$.
Cardano is very overpriced, I don't recommend investing in it now. If the price of bitcoin continues to rise, then altcoins will be sold and most investors will buy bitcoins.
After the rise in the price of bitcoin bitcoin, an increase in the prices of altcoins follows, which indicates the completion of the bull market.
But now the cycles in the market are more dynamic.