Cardano Surges as Trading Volume Hits $2B Amid Market Rebound

Cardano (ADA) is seeing renewed investor interest as its 24-hour trading volume skyrocketed to $2 billion, according to CoinMarketCap. This surge follows a recent price dip, prompting traders to reenter the market.

After five consecutive days of losses, ADA found support near $0.647 and managed a slight rebound. As of press time, the cryptocurrency is trading at $0.7240, marking a 1.01% increase in the past 24 hours. Despite this uptick, technical indicators still point to bearish pressure, as ADA remains below key moving averages.

The market’s next move is crucial in determining whether this recovery signals a sustainable uptrend or just a temporary relief rally. Traders are closely watching for confirmation of bullish momentum amid broader crypto market movements.

With increased trading activity, Cardano is gaining traction among investors looking for potential breakout opportunities. If buying pressure persists, ADA could attempt to reclaim higher resistance levels. However, caution remains as market sentiment continues to shift.