ADA Surges 7.24% on Binance as Institutional Buying and Ecosystem Growth Drive Cardano Rebound

Cardano (ADAUSDT) experienced a notable price increase of 7.24% in the last 24 hours, rising from 0.2776 to 0.2977 USDT on Binance. This rebound follows a period of selling pressure attributed to large holders reducing positions and a recent price correction, with technical indicators previously signaling bearish sentiment. Contributing factors to the positive movement include institutional accumulation and ecosystem initiatives, such as the Cardano Foundation's delegation for decentralization and ongoing developments by partners like Midnight. The current market capitalization is approximately $10.86 billion, with a 24-hour trading volume of $1.03 billion and a circulating supply of 36.05 billion ADA, reflecting ongoing volatility and active trading interest.