Cardano Price Technical Analysis – ADA/USD Remains in Downtrend

Key HighlightsADA price struggled a lot recently and it moved below the $0.5000 support area against the US Dollar (tethered).
There are two bearish trend lines forming with resistance at $0.5000 and $0.52000 on the hourly chart of ADA/USD (data feed via Bittrex).
The pair remains at a risk of more losses toward the $0.4500 and $0.4000 support levels in the near term.Cardano price is currently under a lot of pressure against the US Dollar and Bitcoin. ADA/USD is struggling to move higher with a