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Cardano's ADA Price Faces Uphill Task Amid Struggle Below $0.30 Zone

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.

Cardano Cardano $0.97
-3.4%
Cardano ADA
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