Cardano (ADA/USD) Price Watch: Potential Pullback Scenario

Cardano Price Key HighlightsCardano continues to trend lower below a descending trend line on the 1-hour chart.
Long-term support appears to be drawing bullish pressure and a bounce could be due.
In that case, Cardano could still encounter nearby resistance at the Fib levels and trend line.Cardano looks prime for a pullback from its drop and the trend line and Fib levels might keep gains in check.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to confirm that the path