ADA Token Drops 7.31% as Whale Activity and High Futures Volume Fuel Market Volatility

Cardano (ADAUSDT) experienced a notable price decline of 7.31% over the past 24 hours, with the current price at 0.8532 USDT according to Binance data. The drop is primarily attributed to increased selling pressure following ADA's failure to sustain gains above the psychological $1 level, as well as technical indicators such as a falling RSI and weakening MACD momentum. Additional factors include robust futures trading volume and whale accumulation, which suggest heightened market activity but have not offset the short-term bearish sentiment. ADAUSDT saw strong 24-hour trading volume between $2.55 billion and $2.87 billion, reflecting active participation amid the recent price volatility.