16-05-2018 10:00 via newsbtc.com

Cardano Price Analysis: ADA/USD Could Revisit $0.2200

Key HighlightsADA price failed to move above the $0.2800 resistance and declined against the US Dollar (tethered).
There was a break below an important bullish trend line with support at $0.2650 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair remains at a risk of more losses towards the $0.2300 and $0.2200 support levels.Cardano price declined substantially against the US Dollar and Bitcoin. ADA/USD is likely to decline further towards the next major support at $0.2200.
Read more »