TL;DR Breakdown Cardano price analysis shows a price drop.Support is found at $2.36.Resistance is found at $2.45 The most recent Cardano price analysis shows a sharp drop in value today. After the continuing bearish momentum from yesterday, the ADA/USD pair has dropped from $2.57 to $2.43 today, losing 4.5 percent of its overall value over the last 24 hours. Over the previous seven days, a drop of 17% was recorded. On Monday the price gain was broken and on Tuesday, during both hours, a new low was established. However, yesterday’s fall proved to be short-lived as today’s decline has been more severe. ADA bulls successfully took the price to $2.50 throughout the mid-day yesterday, but ADA met strong resistance at this level as selling pressure heightened. ADA/USD 1-day price chart: Bears persistent to activate pullback The 1-day Cardano forecast suggests that the bearish trend is in full swing. The price has dropped considerably. Price fell precipitously throughout the day as selling pressure grew in the market. ADA/USD 1-day price chart. Source: Trading view The moving average (MA) is presently at $2.58, which is also greater than the price level. The relative strength index (RSI) is in a bearish position to the centerline with a score of 47 and on a downward slope, indicating an even more bearish signal. 4-hour Cardano price analysis: Will buyers break bearish momentum? The 4-hour Cardano price chart show...
