Cardano Price Analysis: ADA/USD Eyeing Upside Break above $0.10

Key HighlightsADA price recovered above the $0.090 resistance and is currently consolidating against the US Dollar (tethered).There is a crucial bearish trend line in place with resistance at $0.0990 on the hourly chart of the ADA/USD pair (data feed via Bittrex).The pair has to move above the trend line and $0.1000 to gain bullish momentum.Cardano price is placed in a bullish zone against the US Dollar and Bitcoin. ADA/USD must break $0.1000 for an extended recovery in the near term.Cardano Price AnalysisAfter a sharp decline, cardano price found support near the $0.0850 level against the US Dollar.  The ADA/USD pair traded as low as $0.0842 and later started an upside correction. The price moved above the $0.085 and $0.090 resistance levels. Moreover, there was a break above the 38.2% Fib retracement level of the last slide from the $0.1145 high to $0.0842 low.At the moment, the price is trading near

Like this article? Take a second to support us on Patreon!