Cardano Price Technical Analysis – ADA/USD Could Bounce Back

Key HighlightsADA price started a downside correction after trading as high as $0.3103 against the US Dollar (tethered).
There is a short-term bearish trend line forming with resistance at $0.2850 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
The pair remains supported on the downside around the $0.2650 and $0.2750 levels.Cardano price is eyeing further upsides against the US Dollar and Bitcoin. ADA/USD could bounce back after testing the $0.2650 support.
Cardano Price Support