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$.
When the market is bearish in the market, most of the altcoins are also affected by the bear market.
we'll see when bitcoin continues to fall. but cardano still stands tall as if unaffected by the bearish market
if we look at the current bullish btc I think there is hope for cardano to go up soon or maybe it can reach a new ATH in 2021.
because I think from the point of view of Cardano's adoption rate has increased dramatically since last October, by 227%.
Its popularity can be attributed to the fact that its entire system uses less than 0.01% of the Bitcoin network. In turn, that makes it more environmentally friendly and sustainable, appealing to crypto enthusiasts.
so it is very possible that ADA will soon go up and form a new ATH in 2021.