Cardano (ADA) Struggle Persists—Is a Rebound Still Possible?

Cardano price started a fresh decline below the $0.720 zone. ADA is correcting some losses and might face resistance near the $0.7750 level.ADA price started a recovery wave from the $0.650 zone.
The price is trading below $0.720 and the 100-hourly simple moving average.
There is a connecting bearish trend line forming with resistance at $0.7050 on the hourly chart of the ADA/USD pair (data source from Kraken).
The pair could start another increase if it clears the $0.720 resistance zone.Cardano