Cardano Price Analysis: ADA spikes above $2.47 all-time high, set for a further increase?

TL;DR Breakdown Cardano price analysis is bullish for today.ADA/USD broke the previous all-time high at $2.47 this morning.ADA is set for further increase today. Cardano price analysis is bullish for today as the market saw a rapid increase in price overnight, and the previous all-time high at $2.47 was broken. Therefore, we expect ADA/USD to continue gaining ground and reach towards the $3 mark next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market trades with a strong bullish momentum over the past 24 hours, with the market leader, Bitcoin, gaining almost 6 percent. Meanwhile, Cardano is the best performer from the major altcoins, with a gain of 18.73 percent. Cardano price movement in the last 24 hours: Cardano spikes above the $2.47 previous all-time high ADA/USD traded in a range of $2.05 – $2.55, indicating strong volatility over the last 24 hours. Trading volume has increased by 90.93 percent and totals $9.74 billion, while the total market capitalization trades around $80.46 billion, ranking the coin in 3rd place overall. ADA/USD 4-hour chart: ADA looks to move further? On the 4-hour chart, we can see the Cardano price breaking past the previous all-time high of $2.47 and continuing higher today. ADA/USD 4-hour chart. Source: TradingView Cardano price action has seen a substantial increase over the past weeks. After a significant swing low was set around $1.02 on the 20th of July, ADA/USD ...