ADA Token Faces 5.93% Drop Amid Whale Activity and $70M Inflows Despite Gaming Integration

In the past 24 hours, ADAUSDT experienced a price decline of 5.93%, opening at 0.6794 and currently trading at 0.6391 on Binance. This downward movement is primarily attributed to broader market pressure and resistance from key moving averages, despite positive developments such as Cardano’s integration with Unreal Engine for gaming and significant institutional inflows exceeding $70 million. Notably, a large transaction of 40 million ADA and increased whale accumulation have contributed to heightened volatility, while technical resistance at the 50, 100, and 200 SMAs continues to limit upward momentum. ADA remains ranked #10 by market capitalization, with a circulating supply of over 35.6 billion and a 24-hour trading range reflecting increased activity and a recent V-shaped recovery pattern, although short-term sentiment remains cautious amid ongoing resistance levels.