Cardano's ADA price is currently attempting to recover and gain bullish momentum by settling above the $0.3850 resistance zone. The price has slowly been moving higher from the $0.360 zone against the US dollar and is trading above $0.370 and the 100 simple moving average (4 hours).

A key bearish trend line with resistance near $0.369 was broken on the 4-hour chart of the ADA/USD pair, indicating the potential for a decent increase if the pair settles above the $0.3850 resistance zone. However, if the price fails to climb above the resistance levels, it could start another decline.