Cardano Price Analysis: ADA/USD Could Test $0.060

Key HighlightsADA price declined further and broke the $0.0700 support level against the US Dollar (tethered).
There is a major declining channel in place with resistance at $0.0700 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is likely to break the $0.0620 support area and decline further in the near term.Cardano price is moving lower against the US Dollar and Bitcoin. ADA/USD may continue to trade lower towards the $0.0600 support area if sellers remain in control.