Cardano has broken down of the symmetrical triangle. If the bears succeed in closing (UTC time frame) below the support line of the triangle, it will increase the probability of a fall to the bottom of the range at $0.060105. Though there is a support close to $0.07, the down sloping 20-day EMA and the RSI in the negative zone suggest that it is likely to be broken. The digital currency will resume the downtrend if it breaks below $0.060105.
The bearish view will be invalidated if the bulls succeed in pushing the price above the triangle. Such a move might carry the ADA/USD pair to the top of the range at $0.094256. A break out of the range increases the probability of a reversal and the start of a new uptrend.