Cardano Price Analysis: ADA/USD’s Upsides Remain Capped

Key HighlightsADA price declined recently and broke the $0.2400 support level against the US Dollar (tethered).
There is a key bearish trend line in place with resistance at $0.2450 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is currently correcting higher, but upsides are likely to be capped by $0.2450 and $0.2500.Cardano price is currently under pressure against the US Dollar and Bitcoin. ADA/USD may correct higher, but it will most likely face hurdles around $0.2