ADA Token Surges 2.22% as Cardano Ecosystem Upgrades Fuel Volatility and Key Support Test

Cardano (ADAUSDT) experienced a 2.22% price increase in the last 24 hours, opening at 0.3790 and currently trading at 0.3874. This uptick follows a period of high volatility and significant price declines, with the asset recently testing a critical 900-day support level amid bearish technical signals and market uncertainty. Contributing factors to the price movement include Cardano's ongoing ecosystem upgrades—such as the integration of Pyth Network, treasury funding for projects like Hydra and Leios, and the launch of the NIGHT token on the Midnight sidechain, which has driven notable trading activity. Despite these positive developments, market sentiment remains mixed, influenced by recent technical patterns and heavy selling pressure observed in broader trading communities.

Active trading continues, with 24-hour volume on Binance reaching 123.23 million ADA (47.32 million USDT), and market capitalization standing at approximately $14 billion, while the price remains below $0.40 following an 11% weekly decline.