ADA Token Slides 7.8% Amid Market Volatility and Whale Accumulation Despite CME Futures News

Cardano (ADAUSDT) experienced a notable price decline of 7.80% over the past 24 hours, with the current price at $0.3652, down from a 24-hour open of $0.3961 as per Binance data. The price movement is largely attributed to a combination of broader market volatility, a significant decrease in spot trading volume, and technical resistance around the $0.398 level, as indicated by order book data and bearish trade signals. Despite recent bullish news such as the upcoming launch of CME Cardano futures and substantial whale accumulation, selling pressure has outweighed positive sentiment, leading to the observed pullback. Cardano's market capitalization is estimated between $12.9 billion and $14.5 billion, with a circulating supply of approximately 35.96 billion ADA and 24-hour trading volumes reported up to $600 million across exchanges, though Binance indicates a lower volume and negative price performance in the latest session.