Despite the decline in ADA price, Cardano's DeFi ecosystem continues to expand, with its total locked value (TVL) surging 23.5% in just 12 days, reaching approximately $552.35 million. Analysts point out that significant changes have occurred in liquidity, with the ratio of stablecoins to TVL on the network jumping from 10% to 32% within a year, partly due to the integration of USDCx. While ADA is currently still in a downtrend, trading near $0.27, technical analysis suggests that a breakthrough above the $0.28 resistance level could trigger a rally, with a target price of $0.55.