Cardano Price Analysis: ADA/USD Settled Below Key $0.05 Support

Key HighlightsADA price fell sharply and declined below the $0.0600 and $0.0500 support levels against the US Dollar (tethered).
There is a major bearish trend line formed with resistance at $0.0490 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is currently trading well below the $0.0500 support and it could decline further.Cardano price declined below key supports against the US Dollar and Bitcoin. ADA/USD may correct higher, but it could face sellers near $0.049 and