Cardano Price Analysis: ADA retests $2.80, prepares for rally ahead of Alonzo Upgrade

TL;DR Breakdown Cardano price analysis is suggesting a bullish marketADA/USD continued to retrace over the last 24 hours.ADA found resistance at $2.60 Cardano is warming up for the final stage of the Alonzo Upgrade set to take place at 21:00 UTC on September 12th, 2021. In the hours leading to the smart contracts update, ADA/USD is trading bullishly and hence our positive Cardano price analysis. The coin is already up by 6 percent following a retracement yesterday that saw the coin breach the $2.6 resistance. We are therefore expecting Cardano to increase in price in the next 24-hours and attempt to break above the $3 mark.  Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency market is trading in the green zone with the majority of the coins recording gains. Bitcoin went up by 0.16 percent, Ethereum increased by 0.8 percent while Binance Coin increased by 1.20 percent. Cardano emerged as the best performing altcoin of the day with a 6 percent improvement while Solana is the worst performing altcoin of the day.  Cardano price movement in the last 24 hours: Cardano retraced to $2.80 According to our daily Cardano price analysis, ADA/USD pair is trading within a range of $2.366 – $2.800, indicating a significant amount of volatility over the last 24 hours. Trading volume has increased by 51.05 percent and totals $9.68 billion, while the total market cap trades around $83.7 billion, ranking the coin 3rd plac...