ADA Token Slides 2.6% to 56-Day Low Despite Whale Accumulation and Strong Staking Activity

ADAUSDT declined by 2.60% over the last 24 hours, dropping from a 24h open of 0.6269 to a current price of 0.6106 on Binance. The price decrease is primarily attributed to ongoing bearish technical signals, including a negative Bull-Bear Power and a high Average Directional Index, as well as recent news highlighting ADA’s fall to a 56-day low and prevailing cautious sentiment among traders. Despite strong fundamentals such as increased whale accumulation, institutional inflows, and over 1.3 million staking participants, short-term market pressure and technical weakness have outweighed positive developments, resulting in subdued trading and a downward price trend. ADA’s market capitalization stands at approximately $17.44 billion with a circulating supply of 35.68 billion ADA, and the asset remains near key support levels amid moderate volatility.