ADA Surges 4.6% After Technical Breakout, DeFi TVL Jumps to $178.9M Amid Active Trading

Cardano (ADAUSDT) experienced a 4.60% price increase over the past 24 hours, rising from a 24h open of $0.4024 to $0.4209, largely driven by a breakout above key moving averages and strong bullish momentum signaled by technical indicators such as the MACD and RSI. The rally followed the resolution of a falling wedge pattern, increased open interest to $851 million, and positive funding rates, as well as a notable rise in DeFi TVL to $178.9 million, suggesting growing market confidence. Significant spot trading volume (129.84 million ADA) and long position liquidations ($189,000 and $51,600) occurred amid heightened sell-side order book activity, indicating active market participation and volatility. Cardano currently trades at $0.4209 with a 24-hour volume between $855.60 million and $913.45 million, a circulating supply of 35.95 billion ADA, and maintains its position as one of the top cryptocurrencies by market capitalization.