ADA Price Slides 2.36% as Bearish Signals and $654M Volume Shape Cardano’s Market Outlook

Cardano (ADAUSDT) experienced a price decrease of -2.36% over the past 24 hours, with the current price at 0.3480 on Binance. The decline is attributed to ongoing bearish sentiment following a recent correction, technical indicator weakness such as a sub-50 RSI and bearish MACD crossover, and increased short activity evidenced by liquidations of ADA/USDC long positions near $0.354. Additional market factors include slight distribution among large ADA holders and heightened trading volume, which has surged to over $654 million in the past day, reflecting elevated market activity. Cardano maintains a robust market capitalization of approximately $12.5 billion, with a circulating supply of 36.04 billion ADA, and price fluctuations within a 24-hour range of roughly $0.3327 to $0.3626.