Cardano Price Analysis: ADA swiftly approaches the $3 mark, breakout today?

TL;DR Breakdown Cardano price analysis is bullish for today.ADA/USD rallied to $3 resistance yesterday.ADA consolidates overnight. Cardano price analysis is bullish today as the market approached the $3 mark after a strong rally yesterday. Therefore, we expect ADA/USD to see further upside today and next break above the $3 mark. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. The market leader, Bitcoin, is down by 0.86 percent, while Ethereum managed to increase by 0.72 percent. Terra (LUNA) is among the best performers, with a gain of 18.25 percent. Cardano price movement in the last 24 hours: Cardano rapidly advanced to $3 ADA/USD traded in a range of $2.81 – $2.97, indicating mild volatility over the last 24 hours. Trading volume has increased by 6 percent and totals $8.65 billion, while the total market capitalization trades around $93.8 billion, ranking the cryptocurrency in 3rd place overall.  ADA/USD 4-hour chart: ADA set to break above the $3 mark next? On the 4-hour chart, we can see the Cardano price consolidating in preparation for a spike above the $3 mark.  ADA/USD 4-hour chart. Source: TradingView Cardano price action has seen a substantial advance over the last month. After a new swing low was established around the $1.02 mark on the 20th of July, ADA/USD started to advance over the past weeks. This price action development has re...