ADA Token Slides 6.56% Below $0.64 Support Despite Nasdaq Listing and Institutional Accumulation

ADAUSDT is trading at 0.6381 on Binance, reflecting a 6.56% decline over the past 24 hours from an open of 0.6829. The price drop is primarily attributed to increased selling pressure as ADA slipped below the critical $0.64 support level, following recent volatility and broader market weakness. While the inclusion of ADA in Nasdaq’s crypto index earlier in the week drove a temporary surge in both price and trading volume, this momentum was not sustained, and the asset has since faced renewed downward pressure. Despite short-term declines, on-chain data indicates ongoing accumulation by large holders and institutional wallets, and Cardano’s recent technological developments, such as the launch of Originate for supply chain traceability, continue to support long-term optimism. Trading volume remains robust at approximately $525.6 million, with a circulating supply of about 35.27 billion ADA and market capitalization near $22.2 billion.