ADA Holds Strong Amid 2.13% Drop as Cardano Eyes $100M Treasury Move and DeFi Expansion

Cardano (ADA) is currently trading at $0.5412 on Binance, reflecting a 2.13% decline over the past 24 hours from an open of $0.5530. The recent price drop is primarily attributed to heightened risk aversion in global crypto markets following escalating geopolitical tensions in the Middle East, which triggered a sharp sell-off and a marked increase in trading volume—over 37% above the 30-day average. Despite this short-term bearish sentiment, technical indicators from June 22, 2025, such as a bullish RSI (58) and MACD crossover, as well as robust on-chain activity and continued network development, indicate underlying ecosystem strength. Notable developments, including Charles Hoskinson’s proposal to convert $100 million from the Cardano treasury into stablecoins and Bitcoin to boost DeFi liquidity, and new institutional pilot projects, provide ongoing support for Cardano’s long-term outlook.