Cardano price analysis: ADA struggles at $2.26; will bulls defy the bearish pressure?

TL;DR Breakdown Cardano price analysis suggests ADA is getting mixed market sentiment today.ADA/USD finds it hard to cross the $2.29 mark.Support is present at $2.25. The Cardano price analysis reveals market sentiment for ADA is dangling between bulls and bears. Price breakup was upward today, and starting hours observed a price gain till the $2.29 mark, but bears are hindering the further uptrend as selling pressure still exists in the market, and bears have reversed the price movement during the current hours, almost to the extent of balancing today’s growth. The ADA/USD pair traded today between the range of $2.25-$2.29 and is trading hands at $2.26 at the time of writing. The first resistance for ADA/USD is present at $2.29, followed by another resistance of $2.37, whereas support is present at $2.25, followed by the stronger support at $2.1. The overall trend for ADA is inclined towards the bearish side, despite the upward trend of today, as last week also proved unfortunate for the ADA asset. However, ADA/USD pair has gained a value of 5.7 percent over the last 24 hours altogether. ADA/USD 1-day price chart: bears decline ADA price function above $2.25 The one-day price chart for Cardano price analysis shows ADA moved up the charts at the start of the day, but bears are trying to take over, Though still the ADA/USD is on the gain if we look at today’s progress, selling pressure is still there and there exis...