The valuation of Cardano has finally broken out above the $1.50 range that we had been in for months. Now the question is whether or not a $2 ADA is imminent. While in the grand scheme of the market cycle, a $2 ADA seems inevitable, but we must always pay our respects to Bitcoin and recognize that it controls the market. We show how subtly shifting our lines on a chart can form a completely new narrative, which would be more likely to play out in the event of a Bitcoin dump. On the other hand, if Bitcoin holds steady, then we may see the more bullish scenario play out as altcoins continue to rally, and the Bitcoin dominance drops. TA Video by Benjamin Cowen.
