ADA Slips Below $0.60; 24-Hour Trading Volume Jumps 30% Amid Accumulation Signs
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币界网报道：Cardano's ADA token is facing challenges in sustaining upward momentum, dropping to $0.5965 despite initial support at the $0.60 psychological level. Technical analysis indicates a failed bullish reversal pattern, with the token trading between $0.589 and $0.612 over 24 hours. Notably, 24-hour trading volume surged 30% above its 7-day average, signaling heightened market activity. While short-term sentiment remains bearish, reduced exchange netflows suggest ADA holders may be moving toward long-term storage. The Cardano network currently hosts over 2,000 decentralized applications and 10.8 million native tokens, with some traders anticipating a potential rebound if market conditions stabilize.
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