In the last four hours, Cardano (ADA) has shown strong momentum, trading at approximately $1.29, reflecting a notable increase of around 14.1% from its previous value of $1.13 earlier in the day. This rise comes after a broader trend of growth, as ADA has been surging across the past week and month, marking a significant 27.6% increase over the last 7 days and an impressive 245.7% rise in the past month.
During the past few hours, the price action saw ADA bouncing back strongly from support levels near $1.20, aided by a surge in buying activity. Trading volume has remained robust, with a balanced order book and several large transactions signaling growing interest from investors.
Looking ahead, ADA seems poised to test higher resistance levels, potentially approaching $1.30 and beyond if this bullish momentum continues. The overall market sentiment is positive, with increasing interest in Cardano's recent developments, including the significant growth in its decentralized finance (DeFi) ecosystem.
For further details and live updates, check the charts and analytics on platforms like CoinGecko and TradingView.