ADA Surges 2.14% as $70M Treasury Upgrade and Midnight Airdrop Boost Cardano Activity

Cardano (ADAUSDT) has risen 2.14% over the past 24 hours, currently trading at $0.7402 on Binance. The recent price increase is attributed to positive sentiment following the Cardano community's approval of a $70–$71 million treasury allocation for core network upgrades, including Ouroboros Leios and Hydra scaling solutions, which received 74% support. Additionally, the launch of the Midnight (NIGHT) token airdrop for ADA holders has contributed to increased activity and interest. Despite these developments, ADA continues to face broader market volatility, with recent technical analysis indicating ongoing bearish momentum and resistance near the $0.7233–$0.728 range. The 24-hour trading volume is robust, with the most active trading pair being ADA/USDT on Binance, and Cardano maintains a market capitalization of approximately $26.99 billion.