Key HighlightsADA price is slowly recovering and is currently trading above the $0.1180 level against the US Dollar (tethered).There is a major breakout pattern forming with resistance near $0.1260 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair has to move past the $0.1260 and $0.1280 resistance levels to gain upside momentum.Cardano price could correct higher against the US Dollar and Bitcoin. ADA/USD must clear $0.1280 to move into a bullish zone in the short term.Cardano Price AnalysisAfter a major drop below $0.1200, cardano price found a strong support against the US Dollar. The ADA/USD pair traded as low as $0.1100 and later started an upside correction. It moved above the $0.1140 and $0.1180 resistance levels. More importantly, there was a break above the $0.1200 resistance zone. However, the upside move was capped by the $0.1270 level and the 100 hourly simple moving average.The price moved
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