Cardano Price Analysis: ADA/USD Settled Below Key $0.05 Support

Key Highlights

ADA price fell sharply and declined below the $0.0600 and $0.0500 support levels against the US Dollar (tethered). There is a major bearish trend line formed with resistance at $0.0490 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is currently trading well below the $0.0500 support and it could decline further.

Cardano price declined below key supports against the US Dollar and Bitcoin. ADA/USD may correct higher, but it could face sellers near...

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Key Highlights [+]    ADA [+]    Dollar [+]    USD [+]    Bittrex [+]    Cardano [+]    Dollar and Bitcoin [+]   

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