Cardano price analysis: Bears extend ADA decline to $2.76

TL;DR Breakdown The Cardano price analysis is going in the favor of bears today.Price levels are constantly lowering and have reached $2.8.Support is present at $2.7, which is still quite strong. The Cardano price analysis is showing a drop in the price levels today, which lowered the coin value as well. More sellers continue to approach the market, with the intention of taking the price down even further. The value of ADA/USD lowered by 1.55 percent in the last 24-hours. The bearish momentum today has caused the price to lower to $2.8, as the bears have successfully taken charge of cryptocurrency again. Although there have been instances where bulls have tried to make a comeback, bears have still been able to lead till now. ADA/USD 1-day price chart: Price stoops to a new low in 24-hours The 1-day Cardano price chart is showing the bearish momentum at the lead, and the price levels have dropped considerably today. The past few days have seen a speedy recovery for the price, yet today’s trend is again supportive towards the bears. The price value is present at the $2.76 level, which is just below the Moving Average (MA) value i.e. $2.78. The volatility is gradually decreasing, which is a relatively positive indication for cryptocurrency in the future. ADA/USD 1-day price chart. Source: TradingView The Bollinger’s bands are vital in predicting the upcoming trends, and in the following chart the upper band is presen...