ADA Token Dips 2.86% Amid Profit-Taking, Yet Outpaces Crypto Market with Strong Weekly Gains

Cardano (ADAUSDT) is trading at 0.7295 on Binance, reflecting a 2.86% decline over the past 24 hours from an open of 0.7510. The recent price decrease can be attributed to short-term profit-taking after a week of strong gains, as well as mixed technical signals following the invalidation of a bearish pattern and resistance at key price levels. While some analysts remain bullish on Cardano’s long-term prospects due to ongoing network upgrades, increasing ecosystem activity, and anticipation of the Voltaire era, short-term sentiment has been cautious amid volatility and attempts to reclaim support near $0.5928. Trading volume remains robust, with the market capitalization estimated between $25.90 billion and $27.37 billion, and ADA outperforming the broader crypto market over the past week.