Cardano has rallied from less than $0.02 in 2020 to a sustainable $0.10 in the same year. Unfortunately, it is easy for us to forget how far we've come and think, "Well what has Cardano done for me recently?" In order for ADA to breakout from here, we would want to see Bitcoin volatility reduce. Even a short-term correction of Bitcoin could still be fine for ADA as long as Bitcoin stays above its 20 week moving average. If Bitcoin stays well above its 20 week moving average and starts moving sideways, then ADA could be primed for a breakout. In this video, we discuss the valuation of ADA against USD, BTC, and ETH. Let me know what you guys think of this video on Cardano in the comments below!
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