The cryptocurrency market is experiencing significant declines, with Cardano (ADA) seeing its structure deteriorate. Despite recent buying activities from large-scale players, ADA has been in free fall. Whale investors have acquired over 130 million ADA tokens in the past 72 hours, but this has not halted ADA's decline. The altcoin has lost over 10% in the past day and is currently trading at $0.5993, below the crucial level of $0.60. Sellers have overwhelming influence, and bears are targeting the psychological support level at $0.50. If the descending wedge setup is breached, ADA's price could dip by 26.65% to $0.4396. The Daily Active Addresses index and the MVRV ratio indicate faded demand and bearish sentiments. This bearish trend is occurring amidst the uncertainty caused by Donald Trump's tariffs. However, experts believe that the market dip presents an opportunity to join at discounted prices, and the prevailing whale interest in ADA could signal upcoming rebounds. Cardano's trajectory will depend on its performance at $0.60, and a shift to broad-based rallies could propel prices above $1.



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