ADA Token Slips 2.39% Amid Extreme Fear Despite $36M Accumulation and Strategic Cardano Updates

ADAUSDT experienced a 2.39% decline over the past 24 hours, with its price dropping from 0.3645 to 0.3558. The recent bearish pressure can be attributed to sustained market volatility, with technical indicators showing ADA trading below key moving averages and facing difficulties breaking through resistance levels. Despite large holders accumulating approximately $36 million in ADA and positive developments such as the launch of Cardano's privacy-focused NIGHT token and new strategic partnerships, investor sentiment remains cautious amid a backdrop of "Extreme Fear" and declining trading volume. ADAUSDT currently trades at 0.3558 on Binance, with a 24-hour trading volume reflecting decreased activity and continued uncertainty in the market.