Cardano Price Analysis: ADA/USD Likely To Extend Declines10.93

Cardano price is trading with bearish moves against the US Dollar and Bitcoin. ADA/USD may continue to move down towards the $0.0700 and $0.0650 levels.

This past week, we saw a bearish reaction below the $0.0900 and $0.0800 levels in cardano price against the US Dollar. The ADA/USD pair traded towards the $0.0720 level and formed a low at $0.0735. Recently, it started a minor upside correction and traded above the $0.0800 level. There was also a break above the 23.6% Fibonacci retracement level of the last decline from the $0.0898 high to $0.0735 low.

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