After a significant rally in January, the Cardano price troubles have increased, as the token is becoming the victim of volatility. This altcoin was among the bullish cryptos at the time, hitting an ATH at $3.10, but is struggling to move past $1 these days. However, new findings reveal the possibility of extreme gains if Cardano (ADA) follows the BNB price trajectory. How? Let’s discuss.
BNB Price Pattern Could Push Cardano to $1
A well-known crypto analyst, Ali Martinez, claims that the Binane Coin (BNB) may become the light in Cardano’s struggling phase, especially after the recent uptrend. According to Ali’s prediction, the ADA token could witness a similar BNB price rally, pushing its value to a psychological level of $1.
Ali highlights the similar structure between the Cardano and the Binance Coin price chart, where both digital assets faced significant downtrends before rebounding. Interestingly, this rebound is led by the BNB token, building speculation around their conn
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