Cardano Price Analysis: ADA struggles to breakout above $2.4

TL;DR Breakdown Cardano price analysis is bullish for today.ADA/USD continued to retrace over the last 24 hours.ADA found support at $2.4. The price of Cardano has retraced over the past 24 hours and established a higher low at $2.30, suggesting that today’s price analysis is bullish. As a result, we anticipate ADA/USD to rise today and attempt to regain its previous heights above $3. The cryptocurrency market was up and down throughout the day on Monday. Bitcoin is down 0.2 per cent, while Ethereum is up 0.17 percent, according to CoinMarketCap data. Meanwhile, Cardano (ADA) has been one of the worst losers, losing 3.74 per cent overall. Cardano price movement in the last 24 hours: Cardano retraced to $2.80 The price of ADA/USD moved in a range of $2.81 to $2.95 over the past 24 hours, indicating moderate movement in terms of volatility. Trading volume has risen by 2.05 percent to $4.68 billion, putting the total market capitalization at roughly $91.7 billion; ranking it 3rd overall among ADA/USD 4-hour chart: ADA ready to reverse? On the 4-hour chart, we see that the Cardano price is currently trading near the $2.80 support, which may indicate a reversal. ADA/USD 4-hour chart. Source: TradingView Over the last weeks, Cardano’s price action has been characterized by a strong bullish push. ADA/USD rallied more than 200 percent from the 20th of July low of $1 to the current high of $3.10 after finding support arou...