ADA Slides 5.28% Amid Market Uncertainty Despite Pyth Network Integration and High Trading Volume

Cardano (ADAUSDT) declined by 5.28% over the last 24 hours, currently trading at $0.3821, with the drop largely attributed to ongoing market uncertainty and technical indecision. Recent social and ecosystem developments, such as the launch of the NIGHT token and integration with Pyth Network, provided some positive sentiment but were outweighed by short-term bearish signals, including a failure to maintain key support levels around $0.405 and cautious trader sentiment reflected in on-chain indicators like the Chaikin Money Flow and Directional Movement Index. High trading volume between $547.53 million and $794.99 million underscores ongoing volatility, while ADA’s circulating supply remains around 35.91 billion out of a maximum 45 billion. Despite network growth and technical innovation, Cardano’s price action is currently dominated by bearish momentum and resistance at higher levels.