ADA Eyes Breakout as Price Gains 3.88%, Traders Watch $0.71 Resistance for Next Move

Cardano (ADA) has experienced moderate price gains over the past 24 hours, with the current price around $0.71 and a 3.88% increase, supported by active trading and a market capitalization of approximately $25.04 billion. The asset remains range-bound, with technical indicators suggesting a potential breakout as traders monitor key resistance and support levels.

Recent price changes are primarily attributed to technical market dynamics rather than new fundamental developments, as no major news or partnerships have been reported in the last 24 hours. On-chain data from April indicated significant accumulation by large holders, but recent trading activity has been driven by short-term technical setups and active market participation, with volatility remaining relatively contained. The overall trend shows consolidation near $0.71, with traders awaiting a decisive move based on price action at established technical thresholds.