Cardano Price Technical Analysis – Can ADA/USD Hold $0.3500?

Key HighlightsADA price recovered recently, but it failed to stay above $0.5000 against the US Dollar (tethered).
There is a new major declining channel forming with resistance at $0.4140 on the hourly chart of ADA/USD (data feed via Bittrex).
The pair is currently holding a major support area near the $0.3400-0.3500 levels.Cardano price is struggling to gain upside momentum against the US Dollar and Bitcoin. ADA/USD has to move above the $0.4200 to gain traction.
Cardano Price Resistance
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