ADA Climbs 3% as Cardano Sees $71M Governance Vote and Active Trading on Binance

In the past 24 hours, ADAUSDT has risen by 3.02%, trading at 0.7364 on Binance, with the price movement primarily attributed to technical market factors rather than major fundamental news. Recent developments such as Cardano's first on-chain governance vote approving $71 million in treasury funding, the ongoing Midnight sidechain airdrop, and the launch of the Glacier Drop portal have contributed to overall ecosystem activity but did not serve as direct catalysts for the latest price increase. Technical indicators show mixed signals, with the price consolidating below the 20-day SMA but above the 50-day and 200-day SMAs, while trading volume reached approximately $710 million, reflecting active but slightly reduced market participation. Cardano maintains a market capitalization of around $26 billion, ranking 11th by market cap, and continues to see robust trading on the ADA/USDT pair.