Cardano (ADA) faced a 23% retrace from its local highs, but remains one of the top-performing altcoins since November 5.Analyst Ali Martinez suggests Cardano's current price chart resembles its 2020 bullish phase, indicating a potential rally.The interplay between Bitcoin's performance and altcoin activity will shape ADA's price action.Cardano's ability to hold key support levels and regain momentum will determine its next move.