Cardano price analysis: ADA awaits push above $3 as bulls attempt another decline under $2.84

TL;DR Breakdown Cardano price analysis shows new trend underway after another failed attempt to hit the $3 markADA/USD pair gained over 14% over the week amidst a brief retracement from the August 27 high of $2.94 A fresh upswing expected with support levels set at $2.66 Cardano price analysis shows a minor setback down to $2.80 yesterday, followed by a swift recovery to trade at $2.87 at the time of writing. After jumping towards the all-time high of $3.026 on Friday, ADA faced rejection once more at $2.96, suggesting that it might take a few more attempts to unlock the $3 threshold. Heading into the Alonzo hard fork on September 12, the dip is likely to be considered short-term with unfinished bullish momentum expected to continue. The larger cryptocurrency market was pegged back slightly over the past 24 hours, apart from ADA that moved up 3 percent from yesterday. Bitcoin dipped just below 1 percent to trade at $48,630, while Ethereum dropped 1.2 percent to just above $3,200. Altcoins exhibited mixed results with slight greens for Ripple, Litecoin and Polkadot, whereas Solana and Dogecoin dropped 3 and 2.5 percent to trade at $91.9 and $0.27, respectively. Cardano Price Analysis: Cryptocurrency Heat Map. Source: Coin360 ADA/USD 24-hour chart: Buying and selling battle between $2.71 and $2.96 The 24-hour chart for ADA/USD pair confirms continuation of bullish momentum after a minor setback yesterday that pulled the crypt...