ADA Price Drops 4% Amid Death Cross and $1.4B Volume, Cardano Ecosystem Expands

Cardano (ADAUSDT) experienced a 4.09% price decline over the past 24 hours, with the current price at 0.5039 USDT on Binance. The drop is primarily attributed to increased bearish sentiment, highlighted by a recent "death cross" technical pattern, aggressive selling pressure, and a net outflow of 5.38 million ADA. Elevated trading volume, reaching up to $1.4 billion, suggests heightened market activity driven by panic exits rather than accumulation. Despite the short-term volatility, Cardano continues to advance its ecosystem with developments in DeFi, NFTs, and real-world utility, including the launch of the multi-chain Cardano Card and successful cross-chain integrations. The circulating supply stands at approximately 35.87 billion ADA, with a market cap between $18.37 billion and $20.02 billion.