Cardano (ADA) has experienced a decline of over 7% in the past week, trading around $0.38 to $0.4, as macroeconomic uncertainties and weak market sentiment impact the broader cryptocurrency market. The downturn is linked to concerns over rising interest rates, following remarks by Bank of Japan Governor Kazuo Ueda. On-chain data indicates that dormant ADA wallets from 2017 are moving coins to exchanges, and short interest in ADA futures has risen by 12% over the past week. Despite the current challenges, the Cardano ecosystem is planning a $30 million liquidity initiative for 2026 and the launch of the Midnight sidechain on December 8, which may boost adoption and sentiment.