Cardano (ADA) Price Prediction: Bears Target Fresh Lows Below $0.28

Cardano’s price started a fresh decline after it failed to surpass $0.33. ADA remains at a risk of more losses below $0.30 and $0.28 in the near term.ADA price is showing a lot of bearish signs below the $0.320 support against the US dollar.
The price is trading below $0.320 and the 100 simple moving average (4-hours).
There was a break below a key rising channel with support near $0.320 on the 4-hours chart of the ADA/USD pair (data source from Kraken).
The pair could continue to move dow