ADA Token Faces 2.59% Drop Amid Volatility, High Volume, and ETF Inclusion Impact

Cardano (ADAUSDT) has seen a 2.59% decline over the past 24 hours, now trading at 0.4105 USDT on Binance. The recent price decrease can be attributed to continued market volatility, with bearish momentum prevailing after a failed attempt to break above key resistance levels and a noted drop in Open Interest and active long positions in derivatives markets. Additionally, while institutional interest increased with ADA's addition to the Bitwise 10 Crypto Index ETF, ongoing market sentiment remains mixed due to recent losses and contrasting technical signals. ADAUSDT continues to attract high trading volumes, and its market capitalization remains between $14.82 billion and $15.97 billion, reflecting sustained investor attention despite a broader monthly decline.