- Cardano (ADA) trading volume surges 111%, reaching $1.11 billion in 24 hours, indicating a strong bullish sentiment.
- ADA price climbs over 5% in a single day, trading between $0.5929 and $0.6327, with potential to break the $0.65 resistance.
- Bitcoin’s rally to $111,301 adds further bullish momentum to Cardano’s upward trend.
- Narrowing Bollinger Bands signal potential for continued ADA growth if bulls maintain pressure.
Cardano Back in Spotlight as Bulls Drive Key Metrics Higher
Cardano (ADA), currently the 10th-largest cryptocurrency by market cap, has reclaimed investor attention following a sharp rise in both price and trading volume. According to CoinMarketCap, Cardano’s trading volume soared 111.37% in the past 24 hours, hitting $1.11 billion, as bullish sentiment swept across the market.
Over the past week, ADA has gained over 3.39%, with today’s price action reflecting a 5.09% daily increase. Cardano is trading around $0.6267, having climbed from an earlier low of $0.5929 and briefly peaking at $0.6327.
Also Read: Cardano Price Eyes 60% Surge Despite Ecosystem Struggles
Solana and Ethereum Development Surge Mirrors Cardano’s Momentum
(Internal link opportunity: If you have a post on Ethereum or Solana development activity, link to it here.)
The explosion in volume mirrors Cardano’s price movement, suggesting that bulls are firmly in control. Technical analysts note that a push beyond the $0.64–$0.65 resistance range could trigger a breakout. Sustaining this momentum may open doors for ADA to reclaim higher price levels in the short term.
Bitcoin Rally Adds Fuel to Cardano’s Climb
The broader crypto market, led by Bitcoin’s recent rally, is also propelling Cardano upward. Bitcoin (BTC) is currently trading at $111,301.30, up over 2.19%, and remains close to its all-time high of $111,970. Cardano has historically shown a strong correlation with Bitcoin, often rallying alongside it during bullish market phases.
If Bitcoin maintains its momentum, ADA could break through its $0.65 resistance, setting up for further gains.
(External link suggestion: Add a link to the latest Bitcoin price chart or analysis from a credible site like CoinMarketCap, TradingView, or CoinGecko.)
Narrow Bollinger Bands Signal Possible Breakout Ahead
Analysts also point to narrowing Bollinger Bands on ADA’s chart, indicating reduced volatility and the potential for a steady upward trend. The success of this rally will depend largely on sustained bullish activity and broader market sentiment.
If bulls manage to defend current support levels, Cardano could see continued growth, challenging key technical resistance in the coming days.
