Cardano Price Analysis: ADA/USD Accelerating Losses Below $0.060

Key HighlightsADA price extended losses below the $0.0620 and $0.0600 support levels against the US Dollar (tethered).
There was a break below a connecting bullish trend line with support at $0.0614 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is currently trading well below $0.0600 and it could continue to move down in the near term.Cardano price fell significantly recently against the US Dollar and Bitcoin. ADA/USD is likely to decline further towards the $0.0530 l