Cardano (ADA) Price Watch: Approaching Key Support Zone

Cardano Price Key HighlightsCardano (ADA) continues to trend lower but could be due for a bounce as it nears a major floor.
Price is trading below a descending trend line and is on its way to test the support around 0.130.
Technical indicators are giving mixed signals, with oscillators reflecting oversold conditions.Cardano could be due for a bounce as it approaches a support zone visible on the daily time frame.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to signal