ADA Slides 5.9% After 24% Weekly Rally: Whale Accumulation and High Volume Signal Ongoing Interest

Cardano (ADA) has experienced a 5.90% price decline over the past 24 hours, with ADAUSDT currently trading at 0.7065 on Binance after opening at 0.7508. This short-term pullback follows a period of strong bullish momentum, driven by positive technical developments such as Cardano’s first weekly golden cross on July 9, 2025, and a breakout from a falling wedge pattern, both of which previously fueled optimism and increased whale accumulation. The recent price drop may be attributed to profit-taking after ADA’s substantial 24% rally over the past week and heightened volatility amid broader market fluctuations, despite ongoing positive sentiment from new product launches, increased staking options, and high trading volumes.

ADA remains one of the top 10 cryptocurrencies by market capitalization, with a circulating supply of approximately 36 billion tokens and a 24-hour trading volume between $2.07 billion and $2.84 billion, indicating continued active interest and liquidity in the market.