Cardano Price Technical Analysis – ADA/USD Showing Positive Signs

Key HighlightsADA price traded further lower and formed a low at $0.2615 before starting a recovery against the US Dollar (tethered).
There was a break above a key bearish trend line with resistance at $0.3300 on the hourly chart of ADA/USD (data feed via Bittrex).
The pair is currently struggling to move above the $0.3700 level, but there are a few positive signs.Cardano price has recovery well during the past few sessions against the US Dollar and Bitcoin. ADA/USD now has to move above $0.4000