TL;DR Breakdown Cardano price analysis shows a price drop.Support is found at $2.12.ADA/USD is trading at $2.1. On the previous day’s Cardano price analysis chart, ADA was following a good trend. However, when the daily price analysis chart came in, strong selling pressure caused the prices to plummet to their lowest point on the daily price analysis chart. The bulls appeared to be strategizing a possible attack to reverse the current negative trend. The bulls congregated in large numbers and amassed enough power to establish strong support, which reversed the bearish trend and caused Ripple’s price to rise. On Monday, the ADA/USD price surge was broken, and on Tuesday, a new low was established during both hours. However, yesterday’s drop proved to be brief as today’s slide has been much worse. ADA bulls were able to take the price all the way up to $2.50 in mid-day yesterday without any problems, but ADA met strong resistance at this level when selling pressure increased. Source: Coin360 Bitcoin is trading at $45.6K a -4 percent deviation. The closest Bitcoin competitor is trading slightly below $3.2K with more than a 5 percent deviation. BNB is also trading in the same dangerous trend. Buyers seem to have shifted to Solana, causing its price to surge, recording the highest gain of the day. ADA/USD also trades in a total bear market at $2.1, a 9 percent price drop. Nevertheless, this should be good ...
