Cardano (ADA) is currently trading at $0.6253 on Binance, reflecting a decrease of 2.53% from the 24-hour opening price of $0.6415. The recent price drop is primarily attributed to ongoing large-scale sell-offs by major holders, who sold over 270 million ADA in late May, as well as broader market volatility driven by macroeconomic uncertainty and geopolitical risks. Technical indicators remain bearish, with RSI below 30 and MACD in a downward trend, indicating continued selling pressure. Despite the negative short-term sentiment, recent developments such as Cardano being included in the Nasdaq cryptocurrency index, $ADA