ADA Surges 27% in a Week: High Volume, DeFi Growth, and Binance Staking Fuel Momentum

Cardano (ADAUSDT) has experienced a 2.14% price increase over the past 24 hours, with the current price at $0.7433 on Binance. This positive momentum is attributed to sustained high trading volumes, recent partnership announcements, and increased market interest following a 27% gain over the past week. Despite notable outflows from staking pools (180 million ADA) and a reduction in holdings by the top 10 addresses (120 million ADA), traders appear to be accumulating ADA, supported by Binance's soft staking rewards and ongoing developments in Cardano’s DeFi ecosystem. The asset saw a 24-hour trading volume of $1.47 billion and a market capitalization of approximately $26.02 billion, with resistance observed near the $0.75–$0.80 range and continued bullish sentiment among market participants.