ADA Price Consolidates Below $0.30 – What Could Trigger A Sharp Decline?

Cardano’s price is struggling below the $0.30 zone. ADA could start a sharp decline if it breaks the $0.2765 support zone in the near term.ADA price is moving lower below the $0.292 support against the US dollar.
The price is trading below $0.290 and the 100 simple moving average (4 hours).
There is a major bullish trend line forming with support near $0.2815 on the 4-hour chart of the ADA/USD pair (data source from Kraken).
The pair could decline heavily if the bulls fail to protect the $