Cardano (ADA) is gaining serious traction. In the last 24 hours alone, ADA’s price climbed over 11%, while daily trading volume skyrocketed past $1 billion—a 72% increase. These strong moves reflect renewed investor confidence, especially as Bitcoin surpassed $94,000, sparking broader market optimism.
📊 ADA’s Trading Volume Signals Bullish Momentum
According to CoinMarketCap, this marks one of ADA’s most active trading days in weeks. When volume rises alongside price, it’s often a bullish signal. It suggests that traders believe the rally is real—not just a temporary spike.
If momentum continues, ADA could retest resistance levels between $0.80 and $0.90. A breakout above these zones might open the path toward $1.00 in the short term.
📈 ADA Climbs to 9th in Crypto Rankings
As of now, ADA is trading at $0.7054, up 10.35% on the day and 17% over the past week. This surge has propelled Cardano to the 9th spot in global crypto rankings, boasting a market cap of $24.83 billion. It now sits ahead of TRON, which has slipped to 10th place with $23.63 billion.
🔍 What’s Next for Cardano ADA Price?
ADA recently broke above the 50-day Simple Moving Average (SMA) at $0.688, a critical level that had capped its price since January. This breakout is meaningful. Both the 50-day and 200-day SMAs are popular tools for gauging medium- to long-term trends.
A bullish reversal appears to have started on April 21, pushing ADA toward the next key resistance near $0.757—the 200-day SMA. If bulls can clear this level, the price could advance to $0.83, and potentially hit $1.03.
⚠️ Key Levels to Watch
- Resistance: $0.757, $0.83, $1.03
- Support: $0.688 (50-day SMA), $0.58
If ADA dips below the 50-day SMA, bulls may try to stabilize the price near $0.58. However, a fall below that support could shift momentum back to the bears.
🧠 Final Thoughts
Cardano’s recent breakout shows how fast things can change in the crypto space. With rising volume and improving sentiment, ADA is well-positioned for a potential run—but key resistance levels must hold.
