ADA Faces 5.97% Drop Amid ETF Delay, High Volume Signals Resilient On-Chain Activity

Cardano (ADA) is currently trading at $0.7092, with a 24-hour trading volume of $652.89 million and a market capitalization of $22.7 billion; the price has declined by 5.97% over the past 24 hours. The recent price decrease appears to be influenced by short-term volatility following ADA’s decoupling from Bitcoin, ongoing regulatory developments such as the SEC’s postponement of the Grayscale spot Cardano ETF decision, and profit-taking after a strong week of gains. Despite this pullback, Cardano has shown robust on-chain activity, increased global adoption efforts, and continued technical upgrades, which have contributed to positive sentiment and strong trading volumes in the broader context.