Cardano Price Analysis: Is $ADA Price Ready to Reclaim $0.4 Mark?

Cardano Price Analysis: Today, the crypto market experienced increased selling pressure, leading to a downward trend in several major cryptocurrencies. As a result, the Cardano price is down 1.22% and is approaching the support trendline of the rising channel pattern. Historically, this ascending trendline has acted as an active accumulation zone for traders which usually results in a massive recovery cycle.