TL;DR Breakdown ADA/USD is trading bearishly on our Cardano price analysis Cardano traded within a range of $2.359 – $2.407.Supply zone between $2.3 – $2.5 Cardano price analysis: General price overview Cardano began her price analysis chart with a positive trend. The bulls controlled the market, pushing prices up by cup and handle patterns that took them to intraday highs of $2.5. The sellers erected a powerful barrier at the intraday highs, causing a falling price in a descending triangle. The resistance seems to be so strong as the bulls have not yet broken past the resistance. ADA/USD is trading bearishly on our Cardano price analysis chart following a correction from the $2.40 zone into the lower zone at $2.42. The sellers have been at play for the better part of the week since Monday’s Alonzo upgrade. The downward correction could be a result of heightening selling pressure caused by buy the ‘rumour, sell the news’feuds. Cryptocurrency Heatmap by Coin360 The overall cryptocurrency market is optimistic, as shown by the heat map. BTC, the most well-known digital currency, has increased by 1.66 percent and is trading at slightly below $48K, whereas the second-largest digital asset has also recorded a 5% increase and is currently trading at $3.5K.With the market continuing to strengthen, there are signs that altcoins are gaining ground as well. FTT is the top gainer of the day, with more than a 10 percent rise in pri...
