TL;DR Breakdown Cardano price analysis shows a price drop.Support is found at $2.36.Resistance is found at $2.63. The latest Cardano price analysis reveals a steep decline in price today. After the continuous bearish momentum from yesterday, the ADA/USD pair has come down from $2.57 to $2.43 today, losing an overall value of 4.5 percent over the last 24 hours,. A decline of 17 percent has been observed over the previous seven days. ADA bulls successfully took the price to $2.63 throughout the mid-day yesterday, but ADA met strong resistance at this level as selling pressure from the market came in, and today again, the start of the day saw a steep decline in price as bears extend their practice. But again, a hopeful bullish activity has been observed during the current hours. The pioneering Bitcoin is also down by 2.7 percent, followed by Ethereum, which is down by 5 percent. However, the market is showing mixed sentiment for top altcoins. ADA/USD 1-day price chart: Price slides down as bears roam around The 1-day Cardano price analysis shows bearish momentum is in full swing. The price level has significantly decreased. Price stooped down swiftly from the start of the day as selling pressure intensified in the market. ADA/USD 1-day price chart. Source: Tradingview The volatility is on a high and further increasing, as Bollinger bands ends are slowly moving apart. The Upper Bollinger band is at $3.09, and the lower Bolli...
