Cardano Price Analysis.

[djgtr]

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$.

[Mandragora]

Ada was strongly overpumped, its real price is $ 0.7-0.8

[Mandragora]

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$.

It is likely that Cardano will also follow to increase in price again, but it will not be too far from the current price, because I see that Cardano will be at a price of $3 in the near future if Bitcoin continues to be bullish in the market.

Of course it will be at $3 in a few years but unfortunately  it is going to $1

[bhadz]

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$.

It can still.
But to know when that could be, you should also look to the price of bitcoin. After going to $51,600, it's starting to drop somehow. Not sure until when it will be dropping or it will again eventually pump.
As the very typical market, we don't know what's next.

[Yogee]

..Despite the bounce in Bitcoin’s price, ADA is currently struggling to overcome a critical resistance level.

There were also times that ADA price increased while BTC is struggling to breakout. It's just how it is.
It's only over a month since ATH at $3 so let it consolidate a bit more before the next leg up.

Ada was strongly overpumped, its real price is $ 0.7-0.8

What's your basis for your "real" price? Perhaps you're one of those who were unable to buy under $1 so you want the price level to be there?

[kurniawan05]

The possibility of a price increase for ADA remains if ADA is able to follow the movement of Bitcoin, especially if the Alonzo Hard fork can run well on the ADA network which allows to create smart contracts such as ETH, this is one of the tweets from an influencer who believes in the price increase of ADA: https: //twitter.com/CryptoMichNL/status/1445003266274643976

[domoy77]

Of course it will be at $3 in a few years but unfortunately  it is going to $1

At the moment it's still over $2, so how do you say Cardano will be $1 ?
Have you not seen the price of Cardano in the market all this time or just want to say this as entertainment only for discussion?

[michellee]

Maybe ADA can reach $5-$10 in the next bull run. This time we see the bitcoin price is going strong than before and the price now stays at $54k. Sooner or later, the price will increase more and I think if the situation is still like this, we will see bitcoin reach $60k in the middle of this month. So ADA and the other altcoin will have the opportunity to lift the price. So the next target for ADA could be at $5k or more because ADA already gives an update and run smoothly with the update.

[Jaered]

I don't quite know how Cardano would work out in the immediate future. I know it has a DeFi itineration and there was a bug or something in the Smart. Contract. I know it would eventually shrug out of it and hitch a ride to the moon with hot DeFi platforms like Solana, Polkadot etc. I have a little bag of Cardano and hope it bounces back

[Ziskinberg]

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$.

ADA hasn't been performing so well since last 2018 when the bearish season has come. I really don't know the reason why but I just to say that this project had something been ignore by many investors as they look that this project is less profitable than the others. Even to compared it to the new project, ADA had lost its potentiality leading to the scenario that investors have no interest in. Because even the price of Bitcoin will rise, I'd never think that ADA will do the same.

[Boomber]

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$.

I'm sure the price of ADA will definitely increase, but after the price of Bitcoin reaches at least its ATH price, because at this time only the price of Bitcoin has increased very high and usually after the price of Bitcoin increases, then there will be an altseason after that and of course at that time I'm sure the price of ADA will definitely increase very high too (creating a new ATH price).

[Reid]

It just shows how ADA is not affected by the Bitcoin market and I think that's a good thing.
Rather than leaning over the Bitcoin price just like other altcoins, it shows its capability of owning its own economy.
Some supporters will love that idea more.
BNB is also the same, it broke the resistance yesterday but now it stopped in the price range of $430-440 and just like ADA not that much affected by the Bitcoin bull.

[zasad@]

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$.

Cardano is very overpriced, I don't recommend investing in it now. If the price of bitcoin continues to rise, then altcoins will be sold and most investors will buy bitcoins.
After the rise in the price of bitcoin bitcoin, an increase in the prices of altcoins follows, which indicates the completion of the bull market.
But now the cycles in the market are more dynamic.

[Mandragora]

so how do you say Cardano will be $1 ?

This way
https://i.ibb.co/MccmGqY/thisway.png

[QueenVera]

Of course it will be at $3 in a few years but unfortunately  it is going to $1

At the moment it's still over $2, so how do you say Cardano will be $1 ?
Have you not seen the price of Cardano in the market all this time or just want to say this as entertainment only for discussion?

What he is trying to say is Cardano is overpriced and the price he wrote is the real value. He did not have any backing for that so I would not be supporting his claims but there is no doubt that most altcoins are currently overpriced including Solana and the meme coins. The bear market will take all this project to their rightful price and some might even end up been worthless because that is actually their value.

When this coins are been pumped, if you want to invest do not follow the pump as you might end up buying at a very high price and might not be able to recover because if the corrections that might follow the market.

[bitcon]

As for me Cardano is very Undervalued Compared to Ethereum. The research report published by Grayscale highlights how the fundamentals of this cryptocurrency have improved over the past year.

Cardano recently launched the smart contracts feature with the Alonzo update, paving the way for decentralized applications to launch and develop.
According to the report, Cardano currently calculates a larger payment amount per unit of market capitalization than its competitors (Ethereum and Polkadot), which suggests that the asset may be undervalued.

[alviemery96]

ADA is very overvalued now BTC price has reached 55k, BTC market is recovering. this is the time when investors will sell their altcoins for BTC this is the right time to buy cheap ADA coin and in my opinion this coin has some pretty high appreciation investors you can invest it in your portfolio right now.

[crzy]

ADA is very overvalued now BTC price has reached 55k, BTC market is recovering. this is the time when investors will sell their altcoins for BTC this is the right time to buy cheap ADA coin and in my opinion this coin has some pretty high appreciation investors you can invest it in your portfolio right now.

Overvalued or undervalued?
There’s no pump with ADA yet, but for me since the pump on BTC and SHIB was done already, investors will not look for alternatives and for sure, ADA will be their options too so better to have it now and wait for the price to pump. It can make its new ATH for sure if the demand for ADA increases, just be patience for that moment because it will surely happen.

[Japinat]

ADA is very overvalued now BTC price has reached 55k, BTC market is recovering. this is the time when investors will sell their altcoins for BTC this is the right time to buy cheap ADA coin and in my opinion this coin has some pretty high appreciation investors you can invest it in your portfolio right now.

Overvalued or undervalued?
There’s no pump with ADA yet, but for me since the pump on BTC and SHIB was done already, investors will not look for alternatives and for sure, ADA will be their options too so better to have it now and wait for the price to pump. It can make its new ATH for sure if the demand for ADA increases, just be patience for that moment because it will surely happen.

That is undervalued for me. I don't see a recent improvement of ADA after the 2017 Bullrun, it become hopeless to see its price rallying back high as of before. And in fact, even during these recent pumps, see nothing it changes and it remains at low value. Buying this coin isn't a good idea IMO. if I could take the risk with ADA, I'd rather have to put the money on the other projects that are worth investing coz it was likely to see that ADA has lost its potential at this time.

[ardydyon]

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$.

When the market is bearish in the market, most of the altcoins are also affected by the bear market.
we'll see when bitcoin continues to fall. but cardano still stands tall as if unaffected by the bearish market
if we look at the current bullish btc I think there is hope for cardano to go up soon or maybe it can reach a new ATH in 2021.
because I think from the point of view of Cardano's adoption rate has increased dramatically since last October, by 227%.
Its popularity can be attributed to the fact that its entire system uses less than 0.01% of the Bitcoin network. In turn, that makes it more environmentally friendly and sustainable, appealing to crypto enthusiasts.
so it is very possible that ADA will soon go up and form a new ATH in 2021.