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 ADA/USD is trading bearishly on our Cardano price analysis following a correction from the $2.40 zone into the lower zone at $2.35. The bears 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. The overall cryptocurrency market is trading with mixed signals with Bitcoin breaking above the $47K level and Ethereum recording a 2.04 percent gain. Solana is emerging once again as the worst performing cryptocurrency after correcting to the $161 level. Cryptocurency Heatmap by Coin360 Cardano 24-hour price movement: DeFi will drive ADA accumulation ADA/USD on our 24-hour Cardano price analysis traded within a range of $2.359 – $2.407. The tight range suggests the mild volatility taking place across the technical charts. The coin has been hovering below the $2.5 resistance for the better part of the day after the supported flipped into a price barrier early on Monday. $3 is still the psychological support and the bulls are optimistic on ADA accumulation by DeFi developers and users, which will steer the price upwards. Cardano 4-hour chart: heightening selling pressure will result into a dip Cardano attem...
