ADA Slides 4.12% Amid Death Cross and Volume Drop, Yet Holds 40% Yearly Gain

Cardano (ADA) experienced a 4.12% price decline over the past 24 hours, trading at 0.5753 USDT on Binance, with a 24-hour open of 0.6000 USDT. This downturn follows a recent period of positive momentum but coincides with a broader decrease in trading volume—down over 25%—and a failure to hold above the 0.59 USDT resistance level. Contributing factors include mixed market sentiment after the emergence of a "death cross" pattern on ADA’s chart and a general pullback in the market despite recent bullish developments, such as ADA’s inclusion in Grayscale’s Digital Large Cap Fund, the launch of wrapped ADA (cbADA) on Coinbase’s Base Layer-2, and the announcement of the Night token airdrop. ADA’s current market capitalization is approximately $20.10 billion to $20.78 billion, with a circulating supply near 35.38 to 36.13 billion tokens. Despite the short-term decline, ADA remains up over 2.9% for the week and nearly 40% year-over-year, though it is still well below its all-time high of $3.10.