ADA Holds Strong Above $0.70 as Whale Activity and DeFi Growth Drive $1.15B Trading Surge

Cardano (ADA) experienced a 2.19% price decline over the past 24 hours, trading at 0.7312 USDT on Binance, with a 24-hour open of 0.7476. The recent price movement follows a week of strong gains driven by bullish sentiment, increased whale accumulation, and Cardano surpassing the $0.70 resistance level. Positive developments such as Binance launching Soft Staking for ADA and Input Output Global announcing a major Cardano hard fork for July 2025 have contributed to heightened interest and trading activity. Despite the short-term pullback, Cardano maintains elevated trading volumes—over $1.15 billion in the last 24 hours—and a market capitalization near $27 billion, supported by growing DeFi activity and technical indicators like the first-ever weekly golden cross.