ADA Surges 33%, Bulls Gain Advantage Amid Improved Market Conditions
Cardano's ADA token has seen a significant surge in trading volume over the last 24 hours, increasing by over 33% compared to the previous day. This marks one of the strongest trading sessions for Cardano in weeks, with bulls gaining their first major advantage since June.
The price of ADA has broken above several key technical resistance levels and is currently testing the declining 100-day exponential moving average at $0.197. On-chain activity remains high, with a significant increase in participation compared to earlier rallies.
Binance continues to be the most popular platform for trading Cardano, handling over $325 million in futures activity in the last day. Other major exchanges, such as Bybit and OKX, have also seen strong activity, indicating that the shift is widespread rather than specific to one exchange.