Cardano Price Analysis: ADA reaches $2.80, targets $3 mark next?

TL;DR Breakdown Cardano price analysis is bullish for today.ADA/USD continued to rally overnight.ADA currently trades around $2.80. Cardano price analysis is bullish for today as the market started to rally again yesterday after some consolidation and saw another spike higher overnight. Therefore, we expect ADA/USD to continue moving higher this week and break the $3 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours. The market leaders, Bitcoin and Ethereum, are both up by 1.6 percent, while Cardano (ADA) is one of the best performers from the major altcoins, with a gain of almost 7 percent. Cardano price movement in the last 24 hours: Cardano rallied another 15 percent ADA/USD traded in a range of $2.53 – $2.85, indicating substantial volatility over the last 24 hours. Trading volume totals $8.1 billion, which is up by 55.7 percent from yesterday, while the total market cap trades around $90.4 billion, resulting in a market rank of 3rd place. ADA/USD 4-hour chart: ADA targets the $3 mark next On the 4-hour chart, the Cardano price is rapidly advancing higher, with the $3 mark as the next target. ADA/USD 4-hour chart. Source: TradingView Cardano price action has continued to advance over the past month after a new swing low was established above the $1 mark on the 20th of July. Since then, ADA/USD has gained more than 170 percent to the current h...