TapTools, Cardano's primary analytics and infrastructure platform, announced on Tuesday that it will wind down operations over the next two weeks due to unsustainable costs following the departure of key leadership. The loss of two co-founders, including the Chief Technology Officer and Chief Operating Officer, left the platform unable to maintain its infrastructure and support operations. In a video, Cardano founder Charles Hoskinson noted that TapTools is not alone, as he expects a 'wave of failures' in the ecosystem, including project closures and DeFi shutdowns. He highlighted the challenges in managing ecosystem funding and governance, which hinder intervention in struggling projects. Meanwhile, ADA's price fluctuated, hitting a low of $0.2071 before a slight recovery to $0.2178. The price faces significant resistance from various exponential moving averages, with no visible support below the current price until around $0.18. A bullish trend requires reclaiming the Supertrend at $0.2457.