ADA Token Surges 6.93% as Whales Accumulate 120 Million and Golden Cross Signals Momentum

Cardano (ADAUSDT) has experienced a notable price increase in the past 24 hours, with the price rising 6.93% to $0.7448 on Binance. This upward movement is primarily attributed to renewed bullish sentiment driven by positive technical indicators, including the formation of a weekly "golden cross," and increased accumulation by large holders ("whales") who reportedly purchased 120 million ADA in recent weeks. The broader cryptocurrency market rally, led by Bitcoin, has also contributed to the positive momentum for ADA.

Currently, Cardano maintains a strong market capitalization near $26 billion and a circulating supply of approximately 35 to 36 billion tokens. The 24-hour trading volume has been substantial, ranging from $1.1 billion to over $2.8 billion, reflecting heightened investor interest and active trading. ADA continues to be closely watched by analysts and investors for its potential to sustain gains and break through further resistance levels.