ADA Dips 2.66% Amid Market Volatility Despite cbADA Launch and Midnight Glacier Airdrop Buzz

Cardano (ADA) experienced a 2.66% price decline over the last 24 hours, dropping from 0.5683 to 0.5532 on Binance, primarily due to recent market volatility and an unsuccessful attempt to break above the $0.59 resistance, which led to sellers regaining control. Despite a surge in trading volume—up 24.15% to $1.04 billion—reflecting increased trader activity, ADA has struggled to gain upward momentum amid broader market challenges and recent price swings. The introduction of cbADA on Coinbase’s Base network and anticipation of the Midnight Glacier airdrop have drawn attention to ADA, but have not yet translated into sustained price recovery, with the asset remaining in a dip phase and down 26.45% over the past month. ADA’s current market capitalization is approximately $19.97 billion, with a circulating supply of about 35.37 billion tokens.