#PowellRemarks ADA Slips Below $0.60; 24-Hour Trading Volume Jumps 30% Amid Accumulation Signs

ADA dips under key psychological support even as a 30% spike in 24-hour trading volume signals growing activity and potential accumulation.

By Siamak Masnavi, CoinDesk Analytics

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Edited By Aoyon Ashraf

about 1 hour ago

ADA price chart showing decline to $0.5965 with consolidation near $0.60 amid rising volumeADA price chart showing decline to $0.5965 with consolidation near $0.60 amid rising volume

What to Know

ADA dropped to $0.5965, falling below the $0.60 psychological level despite early support formation.

24-hour trading volume spiked 30% above the 7-day average, suggesting elevated market interest.

Market structure shows potential accumulation with reduced selling pressure and higher lows forming intraday