Cardano Native Volume Surges to $1.58 Billion

The Cardano (ADA) native volume has reached an impressive $1.58 billion in just 24 hours, marking a significant increase of 65.54%. This surge is attributed to fresh institutional flows into ADA, signaling growing interest in the token.

Currently, the price of ADA sits at $0.22, within its Bollinger band's upper resistance level of $0.24. The token's technical indicators also suggest a bullish structure, with the EMA50 and EMA200 anchoring the momentum. The MACD golden cross is at 0.01, maintaining the upward trend.

While the RSI is at 62.89, leaving room for further growth before reaching overbought territory, traders are now watching for a clean test of the upper band before any potential extension higher.