ADA Slides 5% Amid Bearish Signals, $170M Exchange Outflow and Anticipation for Ouroboros Leios Upgrade

Cardano (ADAUSDT) experienced a 5.03% price decline over the past 24 hours, currently trading at $0.8246 on Binance. The recent drop is attributed to bearish technical indicators and a break below key support levels, despite positive developments such as the withdrawal of $170 million ADA from exchanges and anticipation of the upcoming Ouroboros Leios upgrade aimed at improving scalability and transaction throughput. Robust trading volume of over $1.27 billion and a circulating supply of approximately 36 billion ADA reflect active market participation, while short-term sentiment remains cautious amid ongoing consolidation and volatility.