Cardano (ADA) Price Approaches ‘Bull Market Door’: What’s Next?

• Altcoins turning green as Bitcoin dominance nears a key support.
• Bitcoin dominance must fall for altcoins to keep rallying strong.
• Cardano shows breakout signals, with price climbing toward $1.

The crypto market is showing signs of change. While Bitcoin’s price remains flat, many altcoins are turning green, an indication that “altcoin season” is beginning. But for this shift to continue, Bitcoin dominance needs to drop below a certain support level.

Earlier, in November, Bitcoin dominance started to fall, and many expected altcoins to rise. But the drop didn’t last, and dominance bounced back strongly from the 50-week moving average. That bounce held altcoins down for months. Now, once again, Bitcoin dominance is at an important point. 

If dominance starts falling from here, altcoins could have a clear path for a strong multi-month rally.

Related: Altcoin Market Prepares for Massive Inflow Amid Capital Rotation and Stablecoin Accumulation

Cardano Approaches Breakout as Price Climbs

Among the altcoins, an analyst has said that Cardano (ADA) is showing strong breakout possibilities, with the price currently around $0.85. What m…

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