Cardano (ADA) is experiencing a price drop due to a newly formed death cross pattern and fading ETF approval prospects. While the cryptocurrency’s future remains uncertain, market volatility is expected. 100 million ADA was recently sold by large holders, exacerbating the decline. Despite the bearish trend, Cardano Foundation CEO Frederik Gregaard maintains focus on decentralization. The situation has sparked investor concerns about potential financial repercussions for the ecosystem. Charles Hoskinson, founder of Cardano, has remained silent regarding the price downturn. Analyzing the market through the lens of past trends suggests a potential for further ADA price decline in light of the recent death cross and decreasing ETF approval odds. On-chain analysis indicates whales are selling ADA despite the price drop. While there is no official statement from the Cardano Foundation, they are still focused on their vision of building a decentralized world with trust built through cryptography.