ADA Token Sees 3.15% Price Dip Amid High Trading Volumes After Grayscale Fund Inclusion

Cardano (ADAUSDT) experienced a 3.15% price decline over the last 24 hours, with the current price at 0.5866 USDT according to Binance. This decrease follows a recent surge in trading activity and bullish sentiment driven by a market-wide short squeeze and increased open interest in long positions, as well as Cardano's inclusion in Grayscale's Digital Large Cap Fund. However, the price retracement appears to be influenced by profit-taking after the recent rally, ongoing regulatory uncertainty regarding the GDLC fund's ETF status, and technical resistance near the $0.60–$0.61 level. Despite the pullback, trading volumes remain elevated and market capitalization is stable, indicating continued trader interest in ADA.