Cardano Price Analysis: ADA/USD’s Support Turned Resistance At $0.080

Key HighlightsADA price declined sharply and broke the $0.0800 and $0.0740 support levels against the US Dollar (tethered).
There is a key bearish trend line formed with resistance at $0.0750 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair may correct higher above $0.0750, but it could face a strong resistance near $0.0800.Cardano price is under a lot of pressure against the US Dollar and Bitcoin. ADA/USD is correcting higher, but upsides are likely to capped near $0.08