ADA Token Holds Firm Amid 2.77% Drop as Leios Upgrade and Treasury Moves Spark Optimism

ADAUSDT has declined 2.77% over the past 24 hours, currently trading at 0.5411 on Binance, with the drop primarily attributed to broader market volatility and recent heavy trading volume following macroeconomic uncertainty and a sharp correction seen across major cryptocurrencies. Despite the price decrease, investor sentiment remains supported by anticipation of Cardano’s upcoming "Leios" mainnet upgrade and ongoing ecosystem developments, including Charles Hoskinson’s proposal to convert $100 million from the Cardano treasury into stablecoins and Bitcoin to enhance liquidity. Trading volume remains robust, and technical indicators such as a neutral-to-bullish RSI and signs of an upward MACD crossover suggest underlying momentum, even as ADA trades well below its 2021 all-time high of $3.10.