Binance Coin's Rise Could Lift Cardano to $1

Crypto analysts have been discussing the potential impact of Binance Coin's (BNB) price trajectory on Cardano (ADA). The analysts have identified a similar structure between the two cryptocurrencies, where they both rebounded from a recent downtrend. BNB's price momentum hints at the token hitting new all-time highs at $800.

After a significant rally in January, Cardano's price has been struggling, with the token failing to move past the $1 mark. However, new findings suggest that if Cardano follows the BNB price trajectory, it could witness extreme gains. A well-known crypto analyst, Ali Martinez, claims that the Binance Coin could become the light in Cardano's struggling phase, especially after the recent uptrend. According to Ali's prediction, the ADA token could witness a similar BNB price rally, pushing its value to a psychological level of $1.

Ali highlights the similar structure between the Cardano and the Binance Coin price chart, where both digital assets faced significant downtrends before rebounding. Interestingly, this rebound is led by the BNB token, building speculation around their connection. With that, Ali predicts that a BNB's breakout past $650 could fuel the Cardano's rally to $1. Interestingly, this breakout has already happened, and ADA witnessed a slight surge, increasing the credibility of this prediction. However, the $1 market will only be possible if it continues to mirror the same trajectory.

Multiple technical indicators support this theory, especially as the Cardano price movement mirrors Binance Coin's previous movement. If this trend continues, ADA could break the $0.82 resistance before hitting $1. Although the token is currently worth only $0.7805, a bullish trajectory can push the Cardano price to $15 in an optimistic scenario, according to various analysts.

The similar chart trends between Binance and Cardano suggest that the latter could witness a breakout to $1 if it kept following the trend. Binance Coin has recently gained bullish momentum, as its value has grown 9%. With the strategic moves and developments, the BNB price prediction says this token is also heading towards the new ATH at $800.

Still, ADA's rally is more significant due to its continuous downtrend. Investors must carefully monitor the performance of both