Cardano's ADA is struggling to stay above the $0.30 zone and could experience a sharp decline if it breaks the $0.2765 support level. The price is currently trading below $0.290 and the 100 simple moving average (4 hours), with immediate support at the $0.2815 level and a major bullish trend line forming.

If the bulls fail to protect the $0.2765 support zone, the pair could experience a heavy decline. The next major support level is near $0.232.