Cardano's ADA Surges 64% Amidst Market Recovery

Cardano, the fifth-largest cryptocurrency by market capitalization, has experienced a significant surge in recent days, with its native token ADA climbing by 64% amidst a broader market recovery. This strong performance has raised expectations for continued growth as network adoption and investor demand remain high.

Following a market crash triggered by U.S. President Donald Trump's tariff announcements, Cardano [ADA] made a strong comeback, spiking from $0.50 to a local high of $0.82. This 64% gain allowed ADA to reclaim its critical support level of $0.7, and as of this writing, the token was trading at $0.73, marking a 7.17% increase on daily charts. Prior to this price recovery, ADA had been on a downward trajectory, dropping by 21.93% on weekly charts.

Analysts have attributed this surge in Cardano's price to strong buying pressure, with the upward momentum building at press time. This buying pressure is evident in the Chaikin Money Flow (CMF) indicator, which spiked from negative territory to 0.11 over the past day, suggesting that buy volume was outpacing selling and indicating increased accumulation. As a result, buyers turned to buying the dip when the altcoin declined.

Furthermore, Cardano's 90-day Adjusted RVT (Relative Volume Trend) declined to 1.39 at press time, reflecting bullish sentiment and high activity levels on the Cardano network. This drop in RVT, combined with a declining NVT (Network Value to Transactions) ratio, signals a higher adoption rate and growing network activity. The Funding Rate (weighted volume) has also turned positive, suggesting that investors are increasingly bullish and anticipating a price rebound.

Looking ahead, Cardano's strong upward momentum could lead to further gains if the Stochastic Relative Strength Index (Stoch RSI) makes a crossover, validating and confirming the continuation of the uptrend. With ADA strongly holding above $0.7, its next significant resistance is around $0.8. If the momentum built over the past day holds, the altcoin could breach this resistance and attempt to reach $0.96. However, given the high volatility in the crypto market, a correction could see ADA drop to its critical support level of