Cardano (ADA) has experienced a significant price drop, falling nearly 20% in the past 24 hours and 26.2% over the past 30 days. Despite this downturn, large ADA holders, known as whales, have increased their holdings by 0.14 billion ADA, valued at approximately $89.6 million. This accumulation began prior to the recent price crash, indicating potential confidence in a rebound. Retail traders are also participating, as evidenced by a higher low in the Money Flow Index (MFI). However, technical indicators such as the Smart Money Index (SMI) and Relative Strength Index (RSI) remain bearish, suggesting continued downside risks. A daily close above $0.68 could indicate a short-term recovery, while a fall below $0.61 might lead to further declines.