With Bitcoin still stuck in a bit of a rut right now, it is unlikely the alternative markets will see any positive momentum. While the Cardano price is not necessarily in the worst of places whatsoever, its current market momentum is not too promising either. For now, the $0.045 level is under a fair bit of pressure, although it remains to be seen if it will hold.
Cardano Price Handles the Pressure Quite Well
One has to commend every alternative market which doesn’t drop off a proverbial cliff every time Bitcoin dips into the red slightly. Although Bitcoin’s pace will dictate the potential of other markets as well, it is pretty evident there is no reason for most alternative markets to drop off either. In the case of Cardano, the losses are a bit higher compared to BTC, but not necessarily all that spectacular either.