Cardano's native token ADA surged over 6% in 24 hours as trading volume spiked overnight during a broader cryptocurrency market rally. Technical analysis reveals ADA reached a daily peak of $0.611 at 08:00 UTC, marking a 5.69% increase from its opening price of $0.578. Significant buying pressure emerged at 05:00 UTC with 48 million ADA traded around the $0.590 support level.
The rally faced resistance at $0.609 by 12:00 UTC as profit-taking triggered an 81.6M volume sell-off. Later volatility saw ADA drop 1.7% between 14:50-15:49 UTC, bottoming at $0.589 during a 7.5M volume sell-off at 15:35 UTC. Despite minor consolidation attempts around $0.591, selling pressure persisted until a tentative bounce from the session low of $0.588.
Market analysts remain divided on ADA's trajectory, with bullish projections targeting $0.70-$0.72 while bearish voices highlight concerning on-chain metrics including declining active wallets and substantial exchange outflows. Broader economic uncertainty from President Trump's tariff policies adds complexity as investors monitor technical indicators and macroeconomic developments to determine if ADA's volatility signals recovery or temporary relief.