Cardano Price Analysis: ADA/USD Facing Uphill Task Near $0.10
Key HighlightsADA price declined heavily and traded as low as $0.0844 against the US Dollar (tethered).This week’s highlighted significant bearish trend line is still active with resistance near $0.1100 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair is currently correcting higher, but it is likely to face sellers near the $0.1000 and $0.1100 levels.Cardano price declined heavily against the US Dollar and Bitcoin. ADA/USD is rebounding, but there are many hurdles on the upside near $0.1000.Cardano Price AnalysisIn one of the previous analyses, we discussed that cardano price could drop towards the $0.1000 level against the US Dollar. The ADA/USD pair did move down sharply and broke the $0.1000 support area. It even traded below the $0.090 level and formed a low at $0.0844. Later, the price started an upside correction and moved above the $0.0900 resistance. It also broke the 23.6% Fib retracement level
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