TL;DR Breakdown ADA retraced from $2.25 yesterday.Cardano price found support above the $2 mark.ADA/USD is likely to make another attempt to move past the $2.25 resistance. Cardano price analysis is bullish for today as bulls started to slowly push the market price higher again after a retracement early yesterday. ADA/USD should break above the $2.25 mark unless strong rejection for further upside is seen later today. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades in the green over the last 24 hours. Bitcoin is up by 3 percent, while Ethereum is up by 3.7 percent. Solana (SOL) is the best performer, with a gain of over 38 percent. Cardano price movement in the last 24 hours: Cardano prepares for further upside ADA/USD traded in a range of $2.07 – $2.20, indicating a good amount of volatility over the last 24 hours. Trading volume has decreased by 29.85 percent and totals $5.34 billion, while the total market capitalization trades around $69.8 billion, ranking the cryptocurrency in 4th place overall. ADA/USD 4-hour chart: ready to spike higher again? On the 4-hour chart, we can see the Cardano price slowly approaching the $2.25 previous resistance as bulls prepare for another spike higher. ADA/USD 4-hour chart. Source: TradingView Cardano price action has seen several weeks of strong bullish momentum. Since the last swing low around $1.02, ADA/USD has gained more than 120 percent to the curr...
