- ADA moved higher yesterday.
- Spike higher to $1.45 earlier today.
- Market likely to retrace again.
Cardano price analysis is bearish for today as the market set a higher high to the $1.45 mark and further upside is rejected right now. Therefore, we can expect ADA/USD to retrace later today and test the $1.30 support once again.
The overall market trades in the green over the last 24 hours. Bitcoin has gained 4 percent, while Ethereum 8 percent. The rest of the altcoin market trades with similar bullish results.