ADA Token Drops 5% Amid Voltaire Phase Completion and $1.5B Treasury Boost on Binance

Cardano (ADAUSDT) experienced a notable price decline in the past 24 hours, dropping 5.04% to $0.3336 on Binance, despite recent bullish sentiment linked to on-chain accumulation, strong DEX trading volumes, and the completion of the Voltaire governance phase establishing a $1.5 billion decentralized treasury. The decrease follows profit-taking after a post-Christmas rally and resistance encountered near the $0.35-$0.40 range, with traders reacting to mixed technical signals and upcoming changes to margin trading pairs. ADAUSDT traded between $0.3294 and $0.3538 over the last day, with robust volume reported around $494 million to $569 million and a market capitalization near $12 billion.