ADA Slides 2.82% as Sellers Regain Control; Leios Upgrade and NIGHT Airdrop in Focus

Cardano (ADA) experienced a 2.82% decline over the past 24 hours, with the price falling from 0.5857 to 0.5692 according to Binance data. This price movement is primarily attributed to sellers regaining control after ADA failed to sustain momentum above the 0.59 resistance level, as noted in recent market reports. The broader market also exhibited mixed sentiment, with ADA closely watched by traders amid ongoing speculation around protocol upgrades and ecosystem developments, such as the upcoming Leios protocol upgrade and the multi-stage NIGHT token airdrop for ADA holders. Despite the short-term decline, ADA remains ranked 10th by market capitalization, with a circulating supply of approximately 19.29 billion ADA and a market cap near $35.36 billion. Trading activity remains robust, and recent weeks have shown both stabilization and upward trends, with investors monitoring further technological advancements and ecosystem events for potential catalysts.