Cardano Price Analysis: ADA/USD Sliding Towards $0.070

Key HighlightsADA price remains in a downtrend, with a solid resistance near the $0.0745 level against the US Dollar (tethered).
There is an important bearish trend line formed with resistance at $0.0740 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is likely to struggle to clear the $0.0740 and $0.0745 resistances in the near term.Cardano price extended losses against the US Dollar and Bitcoin. ADA/USD remains at a risk of more losses towards the $0.0700 level.
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