ADA Token Faces 2% Pullback After $71M Treasury Approval and Samsung IoT Partnership

Cardano (ADAUSDT) experienced a 2.01% price decrease over the last 24 hours, with the current price at 0.7832 USDT on Binance. The recent price movement is attributed to profit-taking following a week of bullish momentum driven by the approval of a $71 million treasury fund for network upgrades, confirmation of the Midnight Network airdrop, and a partnership announcement with Samsung for IoT initiatives. Increased accumulation by large investors and rising open interest previously supported ADA’s rally, but resistance near the $0.80 level has led to consolidation. Trading volume remains robust, ranging between $1.3 billion and $1.47 billion, and market capitalization is approximately $28.6 billion, reflecting ongoing volatility and active participation in the ADA/USDT pair.