ADA Surges 3.84% as Whale Accumulation and Golden Cross Drive $452M Trading Volume

Cardano (ADAUSDT) has seen a notable price increase of 3.84% in the last 24 hours, rising from 0.9001 to 0.9347 on Binance. This upward movement is primarily attributed to heightened derivatives trading activity, record open interest, and whale accumulation, alongside positive sentiment following the NIGHT token airdrop involving Cardano. Technical indicators, including the confirmation of a golden cross on the daily chart, have further supported bullish momentum. Despite some mixed short-term market signals and reports of price consolidation, Cardano maintains strong trading volume, with Binance recording $452.47 million in ADAUSDT trades over the past day. The asset currently holds a market capitalization of approximately $33.81 billion and ranks among the top cryptocurrencies, reflecting sustained investor interest and robust network activity.