Cardano Price Technical Analysis – ADA/USD Bearish Below $0.35

Key HighlightsADA price is struggling to recover and it recently declined below the $0.3200 level against the US Dollar (tethered).
There is a major declining channel forming with resistance at $0.3205 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair is currently correcting higher, but it may face a lot of resistance near $0.3250 and $0.3500 in the near term.Cardano price declined further against the US Dollar and Bitcoin. ADA/USD is currently trading well below the $0.3