ADA Token Slides 2.64% to $0.6148 Amid Bearish Market, Traders Eye Key Support Levels

Cardano (ADA) is trading at $0.6148 on Binance, reflecting a 2.64% decline over the past 24 hours from a 24h open of $0.6315. The price decrease is primarily attributed to continued bearish sentiment across the broader cryptocurrency market, as well as technical indicators signaling persistent downside pressure following ADA’s recent multi-week lows. Despite minor recoveries and strong on-chain staking activity, short-term momentum remains negative, with traders closely monitoring support levels around $0.61–$0.63. Overall, ADA maintains active trading and robust staking participation, but prevailing sentiment is cautious amid ongoing volatility.