Cardano Price Analysis: ADA/USD Likely To Extend Declines

Key HighlightsADA price is under heavy pressure and it could soon break the $0.0740 support against the US Dollar (tethered).
There is a key bearish trend line formed with resistance at $0.0780 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is currently moving lower and it may soon break the $0.0735 swing low.Cardano price is trading with bearish moves against the US Dollar and Bitcoin. ADA/USD may continue to move down towards the $0.0700 and $0.0650 levels.
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