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Cardano Price Analysis: ADA/USD is trading negatively

Cardano price analysis is bearish today as the $2 mark prevented further upside after a quick rally in the morning. Therefore, we expect ADA/USD to move lower over the next 24 hours.

Cardano price analysis begins by looking at the 1-hour chart. ADA/USD grew from $1.917 to $1.972 in early trade before retreating below the psychological level to around $2.02 yesterday. The pair briefly spiked above $2.00 but failed to break the high when selling pressure kicked in.
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