ADA Token Slides 2.86% as Cardano Breaks Key Support, $182M Outflows Signal Ongoing Pressure

Cardano (ADAUSDT) experienced a 2.86% price decline over the past 24 hours, with the current price at 0.5508 USDT, opening at 0.5670 USDT. This recent price drop is attributed to sustained bearish sentiment following ADA’s break below the key 0.56–0.57 USDT support zone, as highlighted by technical analysis and ongoing reports of increased selling pressure. Market outflows totaling $182.1 million and a consistent downtrend, marked by lower highs and lows, have contributed to the negative momentum, despite a slight 0.68% rise in open interest and increased trading activity. ADA’s trading volume over the last 24 hours ranged from $649 million to $731 million, with Cardano maintaining a market capitalization of approximately $19.17–$19.64 billion and a circulating supply of 35–36 billion ADA. The asset remains under close watch as investors monitor key support and resistance levels for potential trend reversals.