Cardano Price Analysis: What’s Next For $ADA Price; $0.3 Or $0.4?

For the past five months, the Cardano price experienced a sustained recovery amid the formation of a rising channel pattern. The Cardano coin price falling for three consecutive days showcased a breakdown below the channel pattern’s support trendline on May 25th. Thus, with sustained selling, the ADA price is likely to slide to $0.3, registering a potential loss of 17%. A bearish breakdown from the channel pattern has set the ADA price for a significant downfall. The potential drop is likely to hit the next important demand zone which is $0.3. However, the falling price could witness minor roadblocks at $0.348 and $0.324.

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