ADA Token Slides 6.62% Amid Hard Fork Speculation, Resistance Rejection, and Surging Futures Activity

Cardano (ADAUSDT) experienced a significant price decline over the past 24 hours, falling 6.62% from an open of 0.3927 to 0.3667 on Binance. The decrease in price is attributed to ongoing sideways-to-bearish consolidation in the market, a recent drop in trading volume, and technical rejection near resistance levels around $0.3945. Discussions surrounding Cardano’s proposed 2026 hard fork and increased futures activity have contributed to heightened volatility, while large holder accumulation and staking opportunities on Binance Earn support ongoing network engagement. Cardano currently holds a market capitalization of approximately $14.22 billion, with a 24-hour trading volume near $342.59 million, and a circulating supply of about 35.96 billion ADA.