ADA Dips Beneath $0.60; Trading Volume Surges 30% in 24 Hours, Hinting at Accumulation

Cardano Slips Under $0.60 Despite Spike in Trading Volume

Cardano’s ADA token slipped below the $0.60 threshold on Wednesday, reflecting persistent market weakness even as trading activity picked up sharply, hinting at possible accumulation beneath the surface.

ADA
$0.5526

ADA dropped to $0.5965, reversing earlier gains and failing to maintain support above the psychologically significant $0.60 mark, according to CoinDesk Research’s technical analysis model. Earlier signals of a potential bullish reversal, such as a triple bottom formation, were overshadowed by renewed selling pressure.

Despite the decline, ADA saw a 30% surge in 24-hour trading volume compared to its seven-day moving average—a sign that traders remain active and could be positioning for a rebound. Net exchange flows also trended lower, suggesting that some investors are moving ADA into cold storage rather than selling into weakness.

On the network front, Cardano remains robust, boasting more than 2,000 decentralized applications and over 10.8 million native tokens. Market watchers believe that if macro conditions stabilize, ADA might still have room to recover.

Technical Analysis Highlights

ADA traded in a range between $0.589 and $0.612 in the past 24 hours, for a total swing of about 3.9%.
The token tested support at $0.590 before recovering to $0.609, then settled into consolidation between $0.597 and $0.603.
The final hour saw ADA closing at $0.5965, confirming the breakdown under $0.60.
A previously developing pattern of higher lows has weakened, signaling caution among bulls.
Trading volume rose 30% above its seven-day average, pointing to heightened activity despite bearish short-term sentiment.