Cardano Price Analysis: ADA/USD Could Recover Above $0.042

Key HighlightsADA price found a strong support near the $0.0350 level and recovered against the US Dollar (tethered).
There was a break above a major bearish trend line with resistance at $0.0362 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is likely to rebound further higher towards the $0.0400 and $0.0420 levels in the near term.Cardano price is slowly recovering against the US Dollar and Bitcoin. ADA/USD may continue to recover towards the $0.0420 or even $0.0450