Cardano price analysis: ADA consolidates above $2.73 amidst all-time high

TL;DR Breakdown Cardano price analysis shows bearish progress.ADA/USD finds resistance at $2.93Support seems to be present at $2.83. The Cardano price analysis reveals ADA/USD is consolidating below $2.93. The ADA/USD value has gone down today to $2.86, still above the support present at $2.83. The ADA value has decreased around 0.13 percent in the last 24 hours, but overall a 1.77 percent increased is observed during the past week. ADA/USD 1-day price chart: ADA/USD enters consolidation phase below $2.9 ADA seems to be consolidating amidst an all-time high bullish momentum. The coin recently went up as high as $3.09 on 2nd September 2021. ADA price has been hovering below the $3 psychological mark since 3rd September 2021. ADA/USD 1-day price chart. Source: Tradingview The Cardano price analysis reveals that the volatility is decreasing as the Bollinger bands are narrowing down. The upper Bollinger band is found at the $3.17 mark, while the lower band is at the $2.28 mark. The average of Bollinger bands is at the $2.73 level mark. The moving average (MA) is slightly above the price at the $2.86 level marking a bearish crossover. The relative strength index (RSI) is on a decreasing slope showing a score of 62.13, which is well below the overbought mark. The RSI provides a good opportunity for bulls to take shape in the near future. ADA/USD 4-hours analysis: Bearish momentum subdued The 4-hours candlesticks Cardano price ...