Following a significant rally in January, Cardano has encountered increased price volatility. Once rising steadily, Cardano now struggles to reclaim its previous highs after reaching an all-time high of $3.10. Presently, it faces challenges in maintaining a price above the $1 level, raising concerns among traders and investors. Market watchers are closely monitoring Binance Coin (BNB) as it seems to hold the key to understanding Cardano’s potential future movements. BNB has recently shown strong performance and resilience. Investors are speculating whether BNB’s trends can influence the recovering phase of Cardano. The correlation between these two cryptocurrencies is becoming more apparent as traders seek to navigate through market fluctuations. For now, Cardano’s trajectory heavily relies on external dynamics, including overall market sentiment and influencing factors surrounding BNB.