The Cardano (ADA) price has experienced a notable downward trend in the past month, losing over 24% of its value.ADA has fallen below a key support level at $0.64, indicating a potential further decline to the $0.43 level in the future.The current price of ADA is around $0.575, with a decline of over 2% in the past 24 hours.Traders have bet $16.40 million on the bearish side, indicating a strong bearish outlook for ADA.