Cardano price analysis: ADA crashes down to $2.33 as bulls run for safety

TL;DR Breakdown Cardano price analysis shows a solid bearish downfall.Support of $2.53 has also fallen.Next strong support is present at $1.95. The Cardano price analysis reveals a sharp decline in price today. The bears have taken the price down from $2.5 to $2.31 level at the time of writing. The strong support of $2.53 fell yesterday, and the next support is present at $1.95, which may or may not be tested during the crash. ADA lost a 14 percent value overall during the last 24 hours while 16 percent over the past week. After finding resistance, the ADA/USD pair was hovering below the $3 mark for a few days before starting the downfall from this psychological limit. Currently, the bearish momentum seems quite strong as bears have successfully taken over the crypto after hitting the record high. Today most of the top altcoins are down. The behemoths of cryptocurrencies Bitcoin and Ethereum are also declining as Bitcoin lost 13.9 percent and Ethereum lost 15.4 percent value over the last 24 hours. ADA/USD 1-day price chart: Price crashes as bears takeover The 1-day Cardano price analysis shows an intensifying bearish momentum, and the value of the coin has dropped considerably in the last 24 hours. ADA price is going steeply down as bears are defining the price curve. ADA/USD 1-day price chart. Source: Tradingview The volatility is increasing, indicating more bearish signals; as Bollinger bands expand, the upper Bolling...