ADA Token Faces 4.33% Drop Amid Double Top Pattern and High Trading Volume on Binance

Cardano (ADAUSDT) experienced notable volatility over the past 24 hours, with the price currently at 0.7247 on Binance, reflecting a 4.33% decrease from the 24h open of 0.7575. The price decline appears to be driven by technical factors, including the formation of a double top pattern near $0.75 and strong resistance at the $0.7255–$0.75 range, which contributed to bearish sentiment and selling pressure. Despite recent bullish momentum and a surge above the $0.70 resistance, the inability to sustain gains above key resistance levels led to a reversal. Market interest remains high, with 24-hour trading volume between $1.49 billion and $1.84 billion and a market capitalization around $25.64–$26.37 billion. Recent developments, such as the launch of ADA soft staking on Binance and ongoing market analysis, continue to drive active trading and liquidity for ADA.