28-05-2018 10:00 via newsbtc.com

Cardano Price Analysis: ADA/USD Could Accelerate Declines

Key HighlightsADA price remains in a major downtrend below the $0.2000 and $0.2200 resistance levels against the US Dollar (tethered).
There was a break below a major declining channel with support at $0.1820 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair remains at a risk of more declines as long as it is below $0.2100 in the near term.Cardano price is under huge selling pressure against the US Dollar and Bitcoin. ADA/USD is likely to accelerate declines below $0.1750
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