Cardano Price Analysis: ADA/USD stuck at $2.5 price barrier, will bulls retest $2.0?

TL;DR Breakdown Today, Cardano price analysis is bullishADA/USD 24-hour chart indicates a daily trading range of $2.44 – $2.63.As of this writing, ADA/USD is trading at $2.55.  Today, Cardano price analysis is bullish after undergoing a 5 percent upswing overnight and crossing the $2.5 mark. The bulls are hotly pursuing the $2.9 barrier once again as they attempt to break above $3.0. We expect Cardano to rise in the next 24-hours as the bulls prepare to spike above the intraday high at $2.63.  The overall cryptocurrency market is trading with mixed signals, with Bitcoin almost flat with a measly gain of 0.68 percent and Ethereum losing approximately 1.67 percent. Traders are hoping the technical charts will recover as we enter into the weekend. The bulls are optimistic that more buyers will come in and be able to push the balance of power to their advantage.  Cardano 24-hour price movement: Dropping market cap Cardano price analysis on the 24-hour chart indicates a daily trading range of $2.44 – $2.63. A pretty tight range suggests less volatility across the trading chart. The bulls are warming up for the Alonzo upgrade, which is set to launch on September 12, just two days from now. Cardano’s daily trading volume witnessed a plummet on Thursday night by 29 percent to a total of $5.52 billion. The drop could be attributed to the bearish structure that engulfed the market between Wednesday and Thursday. As of ...