ADA Surges 3.73% as Chang Hard Fork Anticipation Fuels Trading Volume and Investor Momentum

Cardano (ADAUSDT) has experienced a 3.73% price increase over the past 24 hours, currently trading at $0.8639 on Binance. This upward movement is primarily attributed to heightened bullish sentiment driven by anticipation of the upcoming Chang Hard Fork, which will introduce on-chain governance and decentralized decision-making to the Cardano network. Additional contributing factors include a significant rise in trading volume and open interest, as well as positive technical indicators such as a strong long/short ratio and a recent breakout above key resistance levels. On-chain data shows increased ADA exchange balances and a decline in whale holdings, suggesting redistribution among market participants. Over the last 24 hours, ADA has traded between $0.7861 and $0.8955, with a circulating supply of 35.40 billion ADA and a market capitalization of approximately $30.65 billion, reflecting robust investor interest and sustained momentum.