ADA Token Slides 6.71% as Geopolitical Tensions Spark Surge in Trading Volume and Volatility

ADAUSDT declined by 6.71% over the past 24 hours, with the price falling from 0.5823 to 0.5432 on Binance. This drop was primarily driven by heightened global risk-off sentiment due to escalating geopolitical tensions, notably conflict in the Middle East, which led to broad-based sell pressure across risk assets. Despite positive technical signals earlier in the week, including a bullish RSI and MACD crossover, as well as strong on-chain activity and staking participation, these factors were outweighed by macroeconomic uncertainties and increased volatility. Trading volume surged to 37.37% above the 30-day average, reflecting intensified activity amid market anxieties. ADA’s price found support in the $0.546–$0.576 range, with resistance at $0.582–$0.588, while its market capitalization settled near $12.7 billion as of the latest data.