Cardano reached yearly high at 0.46 level

Hi everyone,

Cardano managed to break 0.42 resistance level and almost reached local high at 0.46 set in April 2023. At this point 0.46 level is the main obstacle for continuation of price rise.

In case if ADA will manage to break this level then road open to go above 0.5 rpice level but I think that Cardano won't manage to break this level unless Bitcoin goes above 50k.

Otherwise it's more likely to see some correction on Cardano.

Note that real altseason didn't started yet. Mostly we see that money goes to Bitcoin hence Bitcoin dominance is increasing.

It's important to follow Bitcoin price chart and Bitcoin dominance as well to understand when real altseason starts.

I think that 0.46 is the highest price for this year and that's ok. Real bull market starts next year and Cardano will definitely follow it.

Please, do not forget to boost this idea & share it with your friends; thanks.

Comment:

Cardano broke all levels and set new yearly high at 0.65 price.
This idea isn't valid anymore.