Cardano’s ADA Rises as Altcoin Trading Volume Surges Amid Broader Rally
Cardano’s ADA Rises as Altcoin Trading Volume Surges Amid Broader Rally | Breaking Crypto News & Blockchain Updates
Cardano’s ADA Rises as Altcoin Trading Volume Surges Amid Broader Rally — Cardano's native tokenADA$0.5902rose more than 6% over the past 24 hours as trading volume spiked overnight amidst a broader crypto rally. Market an...
Cardano's native tokenADA$0.5902rose more than 6% over the past 24 hours as trading volume spiked overnight amidst a broader crypto rally.
Market analysts remain divided on ADA's short-term prospects. While some point to a potential bullish reversal with targets around $0.70-$0.72, others note bearish on-chain metrics, including declining active wallets and substantial exchange outflows.
The broader economic landscape continues to influence crypto markets, with President Trump's firm stance on tariffs creating additional uncertainty. As July unfolds, investors are closely monitoring both technical indicators and macroeconomic developments that could determine whether ADA's recent volatility represents the beginning of a recovery or merely a temporary bounce.
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Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
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