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ADA falls below key support level, institutional capital outflow triggers the decline.
[Coin World] Cardano's ADA Token fell over 3% to $0.64, breaking below a key support level. Meanwhile, ADA's volume surged to an average of 183 million coins, 67% higher than the average level. This fall reflects a capital outflow of $300,000, as institutional investors shifted from alts to stable assets due to ETF approval delays and risk-averse sentiment. Technical Analysis shows strong resistance around $0.6550 for ADA; if buyers fail to reclaim this level, ADA may decline further. Meanwhile, the Crypto Assets market as a whole fell by 2%.