ADA Surges 2.39% as Cardano Community Approves 96.8M Token Treasury Upgrade Funding

Cardano (ADAUSDT) has experienced a 2.39% price increase over the past 24 hours, with the current price at $0.7413 according to Binance data. This upward movement follows a recent market-wide liquidation event that impacted leveraged positions across the cryptocurrency sector, as well as a significant governance milestone where the Cardano community approved a treasury withdrawal of 96.8 million ADA to fund core protocol upgrades. The historic vote, which received strong community support, has contributed to renewed interest and positive sentiment around ADA, supporting its recovery from last week's decline. Trading volume over the past 24 hours was approximately $982.75 million, and the market capitalization stands near $26.72 billion, with ADA trading in a range between $0.7174 and $0.7434. The asset is currently approaching a key resistance level, with analysts monitoring for a potential trend reversal or further consolidation.