Cardano (ADA) is experiencing a significant price decline, dropping below $0.53 after a 30% monthly drop. This decline has been driven by large-scale whale selling activity, signaling a lack of confidence in the cryptocurrency. Key insights from on-chain data reveal that whales have liquidated over 4 million ADA tokens in the past week alone. Technical indicators are painting a picture of ongoing bearish momentum, with signals suggesting further downside risk. Despite short-term technical challenges, Cardano’s Midnight network remains active and is driving ecosystem growth. While near-term price predictions remain cautious, AI forecasts suggest long-term potential for ADA to reach $3 by 2026 and potentially exceed $9 in the next decade, assuming favorable market conditions and ETF adoption. However, without a significant retail rebound, short-term price action might remain bearish.