Cardano (ADA ($0.42)) showed renewed strength in the past 24 hours, bouncing from a low of $0.8234 to retest the $0.90 mark. The move came after a sluggish early session, which saw ADA hover near intraday lows before staging a sharp late recovery. At press time, ADA trades at $0.9010, up 2.76% on the day.

Market Activity and Volume Uptick

Trading activity around Cardano intensified, with 24-hour volume rising 15.13% to $1.87 billion. The uptick in demand highlights a growing appetite for ADA as traders re-enter positions following the dip. The volume-to-market cap ratio at 5.66% suggests notable short-term speculation driving momentum.

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Cardano’s market cap climbed to $32.16 billion, cementing its place as the tenth-largest cryptocurrency by market capitalization. Meanwhile, the fully diluted valuation (FDV) stands at $40.54 billion, indicating long-term investor optimism in ADA’s ecosystem.

Price Volatility and Support Levels

The ADA chart shows significant volatility within the 24-hour window. The token opened near $0.92 before dipping steadily through the evening session. By early morning, prices touched the day’s low of $0.8234, sparking concerns of further downside. However, ADA staged a strong comeback in the afternoon, with buyers pushing the price sharply higher. The rebound saw ADA peak at $0.903, nearly reclaiming yesterday’s highs. This swift reversal points to strong buying interest near the $0.82–$0.84 support zone.

_{24-hour price chart Source: CoinMarketCap}

While ADA remains far below its all-time high of $3.10 from September 2021, the token is still trading significantly above its 2017 all-time low of $0.01735, marking a 5104% increase since launch. Current levels show ADA down roughly 70% from its ATH ($0.02), yet its ability to hold near $0.90 could set the stage for higher moves.

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The sharp recovery suggests buyers are regaining confidence, but ADA must maintain momentum above $0.90 to confirm bullish continuation. If volume persists, traders may soon test the psychological $1.00 resistance. Conversely, failure to hold above $0.85 could invite fresh selling pressure. For now, Cardano’s resurgence reflects renewed investor interest and a potential turning point in market sentiment.

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