Cardano (ADA) has experienced a significant price drop, falling to $0.4100, marking a 70% decline from its December 2023 peak. This downturn positions Cardano as one of the worst performers in the current crypto market crash. The Total Value Locked (TVL) in Cardano has also decreased by 36% to $186 million. Despite these challenges, Cardano's founder, Charles Hoskinson, remains optimistic about the future. He highlights upcoming projects such as Midnight and RealFi as potential drivers for a market rebound. Technical indicators suggest a possible recovery, with ADA forming a falling wedge pattern and an oversold Relative Strength Index (RSI).