ADA Token Slides 2.47% as Whale Accumulation Tightens Liquidity Amid Bearish Technical Signals

Cardano (ADAUSDT) experienced a 2.47% price decline in the last 24 hours, with the current price at 0.8542 according to Binance. The drop is primarily attributed to heavy selling pressure following a bearish breakdown from the $0.88–$0.89 resistance range, despite notable accumulation of 100 million ADA by large holders, which has tightened liquidity. Whale activity suggests institutional confidence, but technical indicators such as a bearish engulfing pattern and trading below the 200-period daily moving average have contributed to short-term bearish sentiment. The 24-hour trading volume ranged from $1.29 billion to $1.71 billion, reflecting a significant decrease in activity, while market capitalization remains between $30.59 billion and $31.50 billion with a circulating supply of approximately 36 billion ADA.