ADA Token Surges 13.69% After Binance Soft Staking Launch and Technical Breakout

Cardano (ADAUSDT) has recorded a 13.69% price increase over the past 24 hours, currently trading at 0.7422 on Binance. The surge is primarily attributed to bullish market sentiment following a technical breakout from a descending channel pattern, increased trading activity, and positive news such as the launch of Soft Staking for ADA on Binance, which allows users to earn daily rewards without locking up assets. Additional momentum has been driven by renewed investor interest after ADA’s inclusion in strategic discussions and a strong bounce from key support levels, as highlighted by technical analysis. Trading volume has risen sharply, indicating heightened market engagement, while ADA maintains a market capitalization of approximately $25.4 billion and a circulating supply of around 35–36 billion tokens.