ADA Token Surges 4.44% as Leios Upgrade and Staking Growth Fuel Market Rebound

Cardano (ADAUSDT) is currently trading at $0.5529 on Binance, reflecting a 4.44% increase over the past 24 hours from a 24h open of $0.5294. The recent price recovery is attributed to a rebound from intraday lows following heavy selling pressure linked to broader macroeconomic headwinds and anticipation of the upcoming "Leios" mainnet upgrade, which has contributed to renewed investor optimism. Technical factors, including ADA’s defense of the critical $0.50–$0.52 support zone and a surge in network engagement with over 1.3 million staking addresses, have also supported the price rebound. Market activity remains volatile, with ADA ranking #10 by market capitalization and a circulating supply of approximately 19.29 billion ADA, as traders monitor key support and resistance levels for further direction.