Cardano Price Analysis: ADA/USD Struggling Near Key Support

Key HighlightsADA price failed to move above the $0.1700 level and declined sharply against the US Dollar (tethered).
There is a major contracting triangle in place with support near $0.1560 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is at a risk of more losses below the $0.1560 and $0.1540 levels in the near term.Cardano price is struggling to hold important supports against the US Dollar and Bitcoin. ADA/USD must stay above $0.1560 to recover above $0.1600.
Carda