Cardano Price Technical Analysis – ADA/USD Bullish above $0.20

Key HighlightsADA price moved in a bullish zone and is currently trading well above $0.2000 against the US Dollar (tethered).
There was recently a break below a short-term ascending channel with support at $0.2200 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair could move down, but it remains well bid around the $0.2060 and $0.2050 support levels.Cardano price is showing positive signs against the US Dollar and Bitcoin. ADA/USD may consolidate in the short term before a