ADA Surges 3.45% After Binance Soft Staking Launch and U.S. Crypto Bill Momentum

Cardano (ADAUSDT) has experienced a 3.45% price increase over the past 24 hours, currently trading at 0.8534 USDT on Binance. The recent price movement is primarily attributed to heightened market activity following the launch of Soft Staking for ADA on Binance, which allows users to earn rewards automatically by holding ADA in their Spot Wallet. Additionally, increased futures trading volume and open interest, along with positive sentiment driven by the passage of several crypto-related bills in the U.S. House of Representatives, have contributed to the upward momentum. Technical indicators and market analysis point to continued bullish sentiment, although some short-term resistance has been observed near the 0.890 level.

In the last 24 hours, ADA has seen strong trading activity, with a 24-hour open of 0.8249 USDT and significant increases in both trading volume and market capitalization, reinforcing its position as a leading cryptocurrency by market value.