After the recent low of around 1usd figure, Cardano has risen 80% and reached 1.8 important resistance. As in a lot of coin's cases, I don't believe we are back on bull trend, but just correcting the recent steep fall and a new leg down in fallow. That being said, I will look to sell around resistance, and only AdaUsd clearly above 2 would change my opinion
Largely agree, with the caveat that in the short-term new announcements related to Alonzo and Plutus could fuel more attention/inflows but downward trend is difficult to fight/ignore. Thanks for the analysis.