08-06-2018 10:00 via newsbtc.com

Cardano Price Analysis: ADA/USD at Risk of More Declines

Key HighlightsADA price is currently under pressure and is just holding the $0.2020 support against the US Dollar (tethered).
There is a major bearish trend line formed with current resistance at $0.2100 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair could decline further if sellers succeed in pushing the price below the $0.2000 handle.Cardano price is at risk of a downside break against the US Dollar and Bitcoin. ADA/USD may perhaps break the $0.2000 level to initiate
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