Cardano (ADA) has fallen below a crucial support level of $0.512, sparking concerns of further declines. The breach, highlighted by chartist Ali Martinez, marks a significant shift as previous attempts to break this level in 2024 resulted in rebounds. ADA's price has now dropped to $0.474 amid mounting bearish pressure. The sell-off is driven by intensified whale activity, with 440 million ADA sold in the past month, primarily by large holders. Despite the downturn, some analysts remain hopeful, suggesting a potential 25% rebound and the possibility of ADA ETFs aiding a recovery.