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$.
Even though Bitcoin is currently bullish, the ADA is running normally at the current price. I am optimistic that the price of Cardano coin will reach $5 or will set the next ATH record., but this change will occur after the Bitcoin price movement stops. Some information I found, that the next bull run the price of ADA will reach $7. However, this analysis cannot be used as a reference in crypto investment. A crypto investor of course needs his own analysis so that he can reduce the risk of loss.
This thread was open like one month ago, so I think it is still within the range of $2.xx.
People need to slow down, ADA has been tearing the market for the last year or so and it has given tremendous returns already so it's just normal for the project to take a break.
Maybe it has hit the ceiling already, maybe not, but we need to be patience and wait for that $5.00 that majority of you are waiting.
BTC though reaches another all time high, just saying as the OP tag the price of bitcoin that time at $51k.